Question
A and B are partners in A and Company. A is the managing partner. X owes A and Company Php.50,000.00 and A in his personal
A and B are partners in A and Company. A is the managing partner. X owes A and Company Php.50,000.00 and A in his personal capacity another sum of Php.50,000.00. Both debts are already due and demandable. If A collects the amount of Php.50,000.00 from X, how shall the payment be applied?
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
