A and B are partners sharing profit and losses in the ratio 2:3 their balance sheet showed machinery at 200000 stock at 80000 and debtors at 160000 c admitted and the new profit sharing ratio is admit at 6:9:5 machinery is revalued at 140000 provide 5% provision on debtors and A's share in loss is 20000 revalue of stock will be

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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A and B are partners sharing profit and losses in the ratio 2:3 their balance sheet showed machinery at 200000 stock at 80000 and debtors at 160000 c admitted and the new profit sharing ratio is admit at 6:9:5 machinery is revalued at 140000 provide 5% provision on debtors and A's share in loss is 20000 revalue of stock will be 

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