Sufian and Jamil are partners in a firm. Their capitals as on April 1, 2019 were...
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"Sufian and Jamil are partners in a firm. Their capitals as on April 1, 2019 were JD 250,000 and JD 150,000 respectively. They share profits equally. On July 1, 2019, they decided that their capitals should be JD. 200,000 each. The necessary adjustment in the capitals were made by introducing or withdrawing cash is:" "Sufian Capital Account 50,000" "Jamil Capital Account 50,000" "Sufian Capital Account 150,000" "Jamil Capital Account 250,000" "Sufian and Jamil are partners in a firm. Their capitals as on April 1, 2019 were JD 250,000 and JD 150,000 respectively. They share profits equally. On July 1, 2019, they decided that their capitals should be JD. 200,000 each. The necessary adjustment in the capitals were made by introducing or withdrawing cash is:" "Sufian Capital Account 50,000" "Jamil Capital Account 50,000" "Sufian Capital Account 150,000" "Jamil Capital Account 250,000"
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The necessary adjustment in the capital accounts will be made by withdrawing 50000 from capita... View the full answer
Related Book For
Elementary Linear Algebra with Applications
ISBN: 978-0471669593
9th edition
Authors: Howard Anton, Chris Rorres
Posted Date:
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