If a new partner was admitted into the partnership by purchasing the interest of an existing partner in theamount of Php5,000,000.00. Before the purchase, the existing partner’s capital account provided an amount ofPhp2,000,000.00. What amount would be debited and credited in the partnership’s books? Php2,… Show more… Show more Accounting Business Financial Accounting ACCOUNTING 101 Share QuestionEmailCopy link Comments (0)