X and Y are in partnership sharing profits and losses equally. They have combined capital account balances of $200 000. Z was admitted as a partner. Non-current assets were revalued upwards by $30000. Goodwill was valued at $20000 but was not to be retained in the books of account. Following Z's admission the total of the partners' capital accounts was $270000. How much capital did Z contribute?

A company provided the following information. material units cost per unit $ opening inventory 100 2.00 receipt of ne…

The following balances related to Ladha's business. At 31 March 2016: total assets $388000, total liabilities $84000…

A trial balance showed a provision for doubtful debts as $1350. Trade receivables were $50320 which included a debt o…

The following information is available. budget actual overheads $60000 $66 000 direct labour 30 000 hours 35 000 hour…

A particular cost is classified as 'semi-variable'. What effect will a 20% reduction in activity have on the unit cost?

A business produces and sells watches. In 2015, 4000 watches were produced and 3600 watches were sold. Other informat…