question archive Diana and Mik-mik's capital is P600,000 and P480,000 respectively
Diana and Mik-mik's capital is P600,000 and P480,000 respectively
Subject:AccountingPrice: Bought3
Diana and Mik-mik's capital is P600,000 and P480,000 respectively. Profit ration 7:3. Stein purchased a 1/3 interest by paying Diana P195,000 and Mik-mik P225,000. The land account is increased by P180,000 before. Stein is accepted. What is the capital of Diana and Mik-mik after admitting Stein?
