Paper 1 October/November 2009 Accounting (9706/11) A Level
Adil and Bashir were in partnership sharing profits and losses in the ratio 2 : 1.
Chandra joins the partnership and profits and losses are now to be shared between Adil, Bashir and Chandra in the ratio 3 : 2: 1.
The balances of the partners’ capital accounts prior to Chandra joining the partnership are as follows:
Goodwill is to be valued at $36000 and is not to be retained in the books of account.
What is the balance…