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A and B formed a partnership on July 1, 2019 to operate two stores to be managed by each of them. They invested 30,000 and
A and B formed a partnership on July 1, 2019 to operate two stores to be managed by each of them. They invested 30,000 and 20,000 and agreed to share earnings in the ratio 3:2 respectively. All transactions were for cash and were handled through their respective bank accounts as summarize below: A B Cash Receipts 79,100 65,245 Cash Disbursement 62,275 70,695
On October 31, 2019, all remaining non-cash assets in the two stores were sold for cash of 60,000 and cash settlement was affected. How much was received by B?
A and B formed a partnership on July 1, 2019 to operate two stores to be managed by each of them. They invested 30,000 and 20,000 and agreed to share earnings in the ratio 3.2 respectively. All transactions were for cash and were handled through their respective bank accounts as summarize below: A B Cash Receipts 79,100 65,245 Cash Disbursement 62,275 70,695 On October 31, 2019, all remaining non-cash assets in the two stores were sold for cash of 60,000 and cash settlement was affected. How much was received by BStep by Step Solution
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