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Bau and Robi are partners who share profits and losses in the ratio of 6:4, respectively. On May 1, 2020, their respective capital accounts were
Bau and Robi are partners who share profits and losses in the ratio of 6:4, respectively. On May 1, 2020, their respective capital accounts were as follows:
Bau -P 60,000; Robi P 50,000
On that date, Linda purchases a 1/3 share of Baus capital interest for a cash payment of P 30,000. Immediately after Lindas admission, Baus and Lindas capital accounts should be:
Select one:
a.
Bau 60,000; Linda 30,000
b.
Bau 30,000; Linda 30,000
c.
Bau 90,000; Linda 30,000
d.
Bau 40,000; Linda 20,000
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