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Pls. help me with this problem about Partnership
X and Y are partners with capital balance of P30,000 and P40,000 respectively. Give the entry to record the admission of Z under each of the following independent cases. 1. Z buys 1/4 of the interest of X and Y for P9,000. 2. X sells 1/2 of his interest to Z for P17,000. 3. Y sells 40% of his interest to Z at book value. 4. Z makes an investment of P20,000 for a 1/6 interest in the firm whose agreed capitalization is P90,000. 5. Z is required to make a P20,000 investment for a 1/5 interest in the total asset of P100,000. 6. Z will make an investment of P30,000 for a 30% interest in the new partnership. 7. Z will invest P28,000 for a 1/3 interest in the agreed capital of P105,000. 8. Z was invited to invest P10,000 for a 1/5 interest in the new firms total capital of P80,000. ساعد في نشر والارتقاء بنا عبر مشاركة رأيك في الفيس بوك |
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