Question
In the Partnership of A, B and C, partner C decided to withdraw from the partnership. The partners share profile and losses in the ratio
In the Partnership of A, B and C, partner C decided to withdraw from the partnership. The partners share profile and losses in the ratio of 30%, 30%, 40% respectively. The partners have the following capital balances just prior to C's withdrawal from the partnership. A-P45,000 B-P35,000 C-P20,000 Assuming the partners agree that the partnership will purchase C's interest for thity two thousand and will revalue the partnership based on the price C is willing to accept for his interest in partnership. The balance of B's capital immediately after the withdrawal of C is
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