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What the balance in dd capital account

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Question - On March 1, 2021, CC and DD formed a partnership with each contributing the following assets:

 

CC

DD

Cash

P300,000

P700,000

Machinery and Equipment

250,000

750,000

Building

2,250,000

-

Furniture and fixtures

-

100,000

The building is subject to mortgage loan of P800,000, which is to be assumed by the partnership. Agreement provides that CC and DD share profits and losses 30% and 70%, respectively. On March 1, 2021, what the balance in DD's capital account?

Reference no: EM133108470

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