X and Y are partners who share profits and losses in the ratio of 3:1, respectively. On August 1, 2021, their capital ba

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answerhappygod
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X and Y are partners who share profits and losses in the ratio of 3:1, respectively. On August 1, 2021, their capital ba

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X and Y are partners who share profits and losses in the ratio
of 3:1, respectively. On August 1, 2021, their capital balances
were: X, P200,000 and Y, P100,000. On this date, Z invests P 80,000
in the firm and is given a capital credit of P50,000 which is to be
1/8 of the capital of the new firm. What is the new capital balance
of partner X after the admission of Z?
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