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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
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
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