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Usang and Wilma are partners with a profit and loss ratio of 80:20 and capital balances of P 3,200,00 and P 1,600,000 respectively. Debbie is
Usang and Wilma are partners with a profit and loss ratio of 80:20 and capital balances of P 3,200,00 and P 1,600,000 respectively. Debbie is to be admitted into the partnership by purchasing a 20% interest in the capital, profits and losses for P 1,600,000. What would be the capital balances of Usang and Wilma after the admission of Debbbie?
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