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Answer and show your solution Data for questions 4 to 12: x, Y and Z are partners dividing profit and losses of the partnership in
Answer and show your solution
Data for questions 4 to 12: x, Y and Z are partners dividing profit and losses of the partnership in the agreed l ratio of 1:2:3. The followi ng are the ledger balances at the start of liquidation , Cash P 50,000 Accounts payablei P 120,000 Noncash Loans receivable - X 67 0,000 Loans payable 30,000 10,000 20,000 150,000 200,000 250.000 -Y Loans payable - Z X, Capital Y, Capital Z, Capital Step by Step Solution
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