Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1 The capital Balances and profit and loss ratio forAhmad Maher and Nader at 31/12/2018 as follows amount in us dollars Ahmad ( 30%) 40,000

image text in transcribed
Q1 The capital Balances and profit and loss ratio forAhmad Maher and Nader at 31/12/2018 as follows amount in us dollars Ahmad ( 30%) 40,000 Maher (50%) 22,500 NADER (20%) 35,000 The three partners agree to admit Kareem on the same date ,for 40% interest in the capital and income Prepare the journal entries for admit waleed in partnership using good will approach method and bonus if Kareem paid A-$ 70,000 B - $ 60,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Kulp, Susan, Dragoo, Amie, Hartgraves, Al L, Morse Wayne J.

9th Edition

1618533622, 9781618533623

More Books

Students also viewed these Accounting questions

Question

=+b. y5the measured concentration of chemical in a solution

Answered: 1 week ago

Question

Python: Find and fix the error in the if - else statement.

Answered: 1 week ago

Question

Summarize various training methods.

Answered: 1 week ago

Question

Explain the metrics for evaluating training and development.

Answered: 1 week ago

Question

Identify career planning approaches.

Answered: 1 week ago