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 entries had been made?
1 )
$\$ 20000$
2 )
$\$ 26000$
$\$ 30000$
4 )
$\$ 34000$
تحلیل ویدئویی تست
تحلیل ویدئویی برای این تست ثبت نشده است!
پرسش و پاسخ های مشابه
سوال کنید یا به سوالات دیگران پاسخ دهید ...