's capital DEF'S and they share income in a 6:4 ratio, respectively. They decide to admit GHI to the partnership. ABC and DEF agree that some of the inventory is obsolete. The nventory account is decreased before GHI is admitted. GHI invests P80,000 for a 25% interest. Compute for the capital balance of DEF after the admittance of GHI.

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Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.