Sasha and Michelle Form a Partnership

question 61

Multiple Choice

Sasha and Michelle form a partnership.Sasha contributes $19,000 cash and inventory with a current market value of $4000.While journalising this transaction:

• A)Inventory will be debited for $4000.
• B)Inventory will be credited for $2400.
• C)Inventory will be credited for $4000.
• D)Inventory will be debited for $2400.

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Social Work Dictionary

A comprehensive guide that contains definitions of terms, concepts, and theories relevant to the field of social work.