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Accounting (9706) 1401/11/4

Paper 1 May/June 2011 Accounting (9706/11) A Level

Cambridge AS & A Level Accounting (9706) شهریور 2011
شامل مباحث: AS Level
  تعداد سوالات: 30
  سطح دشواری: متوسط
  شروع: آزاد
  پایان: آزاد
  مدت پاسخگویی: 60 دقیقه

Paper 1 May/June 2011 Accounting (9706/11) A Level
پیش نمایش صفحه اول فایل
ثبت شده در 4 بهمن 1401
  

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

Z was admitted as a partner and the profit and loss sharing ratio for X, Y and Z will be 2 :2 :1
respectively. 

On the date of admission, the value of non-current assets was increased by $48 000. 

Goodwill was valued at $30 000 but would not be retained in the books of account. 

What was the effect on X’s capital account?