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TOUT Question 8 2.5 points Save Ans Ahmad and Bassam are partners sharing profit in the ratio of 5:3 with capital of JD 80,000 and
TOUT Question 8 2.5 points Save Ans Ahmad and Bassam are partners sharing profit in the ratio of 5:3 with capital of JD 80,000 and JD.70,000. respectively. They admit a new partner Osama under bonus method for 1/4th share in capital. The new profit-sharing ratio of Ahmad, Bassam and Osama is 5:3:2, respectively. Osama brings JD 40,000 as capital. The profit on revaluation of assets and reassessment of liabilities is JD 6,400. Bassam's share capital after admission is: 78,312.5 75.812.5 68.987.5 89,687.5
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
