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Peter, James, and John are partners with capital balances of P25,000,P30,000, and P45,000, respectively. Their profit and loss ratio is 3:4:3. Peter retired from the
Peter, James, and John are partners with capital balances of P25,000,P30,000, and P45,000, respectively. Their profit and loss ratio is 3:4:3. Peter retired from the partnership due to old age, and was paid 17,000. How much is the capital balance of James after Peter's retirement? Note: Round off answer to the nearest peso
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Auditing For Dummies
Authors: Maire Loughran
1st Edition
0470530715, 978-0470530719
