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Accounting (9706) 1401/11/4

Paper 1 October/November 2008 Accounting (9706/01) A Level

CIE AS & A Level Accounting (9706) بهمن 2008
شامل مباحث: AS Level
  تعداد سوالات: 30
  سطح دشواری: متوسط
  شروع: آزاد
  پایان: آزاد
  مدت پاسخگویی: 60 دقیقه

Paper 1 October/November 2008 Accounting (9706/01) A Level
پیش نمایش صفحه اول فایل
ثبت شده در 4 بهمن 1401
  

X and Y were in partnership sharing profits and losses equally.  

On 1 January, P was admitted into the partnership. He contributed $\$ 20000$ cash and $\$ 10000$ other assets. 

The non-current assets were revalued upwards by $\$ 12000$ on this date.  

There was no adjustment for goodwill. 

Profits and losses continued to be shared equally.  

What was the balance on P’s capital account after all relevant…