Question
A and B are partners having capital balances of P150,000 and P180,000, respectively, and sharing profits and losses equally. They admit C to a one-third
A and B are partners having capital balances of P150,000 and P180,000, respectively, and sharing profits and losses equally. They admit C to a one-third interest in partnership capital and profits for an investment of P195,000. If the asset revaluation method is used in recording the admission of C to the partnership what is the capital balance of A and B after the admission
A capital B capital
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
