Question
Nahum and Amos have respective partnership capital balances of P72,000 and P36,000 on January 1. Nahum withdrew P9,000 on April 30 and P9,000 on June
Nahum and Amos have respective partnership capital balances of P72,000 and P36,000 on January 1. Nahum withdrew P9,000 on April 30 and P9,000 on June 1. Amos invested additional P18,000 on March 30 and withdrew P12,000 on September 1. How much is the average capital balance of Nahum for the year? How much is the average capital balance of Amos for the year?
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
