Question: 5. The partners agreed that the difference in the amount of contribution and the amount of credit to the partner's capital shall be treated as

5. The partners agreed that the difference in the amount of

5. The partners agreed that the difference in the amount of contribution and the amount of credit to the partner's capital shall be treated as cash settlement between the partners. Which of the following is correct? a. A pays B 216,000 b. B pays A 216,000 A pays B P8,000 d. The cash settlement between the partners is not recorded in the partnership books. C. 5. The partners agreed that the difference in the amount of contribution and the amount of credit to the partner's capital shall be treated as cash settlement between the partners. Which of the following is correct? a. A pays B 216,000 b. B pays A 216,000 A pays B P8,000 d. The cash settlement between the partners is not recorded in the partnership books. C

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