Question
Ali and Ahmad have AY LLP. On January 1, 2020 the capital balances are $20000 for Ali and Ahmad $30000. On March 1 Ali
Ali and Ahmad have AY LLP. On January 1, 2020 the capital balances are $20000 for Ali and Ahmad $30000. On March 1 Ali invest $2000. On August 1 Ali withdrew $1000. On May 1 Ahmad invests $4000. On September 1 Ahmad withdrew $2000. AY achieved $20000 net income. The average capital balance of Ahmad is
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
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