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Waleed, Basem, and Ebrahim are partners and share income in a 2:5:3 ratio. The partnership's capital balances are as follows: Waleed BD 33,000, Basem BD
Waleed, Basem, and Ebrahim are partners and share income in a 2:5:3 ratio. The partnership's capital balances are as follows: Waleed BD 33,000, Basem BD 27,000 and Ebrahim BD 40,000. Ebrahim decides to withdraw from the partnership. The journal entry to record Ebrahim's withdrawal from the partnership if Ebrahim sells his interest to Waleed for BD 45,000 is: O A. Debit Ebrahim, Capital BD 40,000; debit Waleed, Capital BD 2,500; debit Basem, Capital BD 2,500; credit Waleed, Capital BD 45,000. B. Debit Ebrahim, Capital BD 40,000; credit Waleed, Capital BD 40,000. OC. Debit Ebrahim, Capital BD 45,000; credit Waleed, Capital BD 45,000. D. Debit Ebrahim, Capital BD 40,000; credit Cash BD 40,000
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