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assume that B and C have capital balances of 80,000 and 60,000 respectively, and divide profits and losses at 60:40 ratio OLD P/L RATIO TRANSFER
assume that B and C have capital balances of 80,000 and 60,000 respectively, and divide profits and losses at 60:40 ratio
OLD P/L RATIO TRANSFER NEW P/L RATIO B C F TOTAL Case 2c: Bonus to New Partners Date Particulars Debit Credit COMPUTATION CONTRIBUTED CAPITAL DIFFERENCE AGREED CAPITAL B C F TOTAL OLD P/L RATIO TRANSFER NEW P/L RATIO B TOTAL OLD P/L RATIO TRANSFER NEW P/L RATIO B C F TOTAL Case 2c: Bonus to New Partners Date Particulars Debit Credit COMPUTATION CONTRIBUTED CAPITAL DIFFERENCE AGREED CAPITAL B C F TOTAL OLD P/L RATIO TRANSFER NEW P/L RATIO B TOTALStep by Step Solution
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