X and Y are partners who share profits and losses in the ratio of 3:1, respectively. On August 1, 2021, their capital ba
Posted: Mon May 30, 2022 8:01 am
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?
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?