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Determine the capital balance of kris

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Question - The partnership of Kris, Erich and Eunice reflected beginning capital balances of P75,000; P25,000 and P100,000 and profit and loss ratios of 5:4:1 to Kris, Erich and Eunice, respectively. The partners plan to dissolve their business and admit Kelly into the new partnership. Kelly is to invest P25,000 for a 10% interest in the new partnership and is to be credited the same amount of capital in the new partnership. Determine the capital balance of Kris after Kelly's admission into the partnership.

Reference no: EM133089720

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