Chan and Fatina are forming a partnership. Chan is investing a building that has a market value of RM80,000. However, the building carries a RM56,000 mortgage that will be assumed by the partnership. Fatina is investing RM20,000 cash. what  would be The balance of Chans' Capital account ?

Answer rating: 100% (QA)

In this scenario when Chan contributes the building with ... View the full answer