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What is the total capital of se partnership

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Kara, Sam and Elona were partners with capital balances on January 2, 2019 of P432,000, P288,000 and P144,000 respectively. On July 1, 2019 Kara retires from the partnership. On the date of retirement of the partnership net loss is P86,400 and the partners agreed that certain assets is to be valued at P115,200 from its original cost of P72,000. The partners agreed further to pay Kara P324,000 in settlement of his interest. The remaining partners continue to operate under a new partnership, SE partnership.

Problem 1: What is the total capital of SE partnership?

Reference no: EM132652354

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