Shadi and Omar formed a partnership for Accounting Consulting with a total capital of JD 300,000...
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"Shadi and Omar formed a partnership for Accounting Consulting with a total capital of JD 300,000 distributed equally among them. Shadi has CPA and he contributed JD 125,000 Cash. Omar contributed JD 100,000 Cash, and a new Building with a market value of JD 50,000. The necessary entry for formation a partnership according to Bonus method in the credit side is:" Omar Capital Account 150000 Shadi Capital Account 125000 Shadi Capital Account 137500 Omar Capital Account 125000 "Shadi and Omar formed a partnership for Accounting Consulting with a total capital of JD 300,000 distributed equally among them. Shadi has CPA and he contributed JD 125,000 Cash. Omar contributed JD 100,000 Cash, and a new Building with a market value of JD 50,000. The necessary entry for formation a partnership according to Bonus method in the credit side is:" Omar Capital Account 150000 Shadi Capital Account 125000 Shadi Capital Account 137500 Omar Capital Account 125000
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