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 on Adil’s capital account after Chandra joined the partnership?
1 )
$20000
$26000
3 )
$38000
4 )
$44000
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