Lou and ariyo are in partnership. That share profit equally,it was decided to admit Aluko...
Lou and ariyo are in partnership. That share profit equally,it was decided to admit Aluko...
Lou and ariyo are in partnership. That share profit equally,it was decided to admit Aluko and he brought in cash 7000 asa capital. It was agreed that goodwill was worth 15000. The new profit sharing ratio is to be olu 3:Ariyo 2:Aluko 2:
The balance sheet before aluko was introduced as fill
Capital:Olu
20000
Ariyo
20000
Net asset
40000
40000?
1 Answers Available
Asked by Rafia mustapha on 1st May, 2020
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