Question
2. X, Y and Z have capital balances of P40,000, P50,000 and P18,000, respectively and a profit and sharing ratio of 4:2:1, respectively. If X
2. X, Y and Z have capital balances of P40,000, P50,000 and P18,000, respectively and a profit and sharing ratio of 4:2:1, respectively. If X received P8,000 upon liquidation of the partnership, what is the total amount received by all the partners?
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Frank Woods Business Accounting
Authors: Frank Wood. Sangster, Alan
12th Edition
0273759280, 9780273759287
