Question
A and B are partners in a firm having a capital of $54,000 and $36,000 respectively. They admitted C for 1/3rd share in the profits
A and B are partners in a firm having a capital of $54,000 and $36,000 respectively. They admitted C for 1/3rd share in the profits C brought a proportionate amount of capital. What would be the Capital brought in by C ?
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
