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The partnership of Linsao and Mison provides for equal sharing of profits and losses. Prior to the admission of a third partner Zamora, the capital
The partnership of Linsao and Mison provides for equal sharing of profits and losses. Prior to the admission of a third partner Zamora, the capital accounts are Linsao, P75,000 and Mison, P105,000. Zamora invests P90,000 for a P75,000 interest and partners agreed that the net assets of the new partnership would be P270,000.
Compute for the capital of Linsao after the admission of Zamora.
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