noni and nino are partners who share profit or loss in the ration of 6:4 they have capital balance of P700,000 and P300,000, respectively. Nino infrom noni of his intention to withdraw part of her...

noni and nino are partners who share profit or loss in the ration of 6:4 they have capital balance of P700,000 and P300,000, respectively. Nino infrom noni of his intention to withdraw part of her capital in the partnership. However, there is not much cash for his withdrawal cause funds are tied up in non cash assets. Instead of withdrawing his share he opted to sell part of his interest to Nina which is a common friend of both partners. Nina agrees to purchase ½ of Nino’s interest for P150,000



Required:


A. The entry in the partnership book upon admission of Nina would have debit _________ and credit ______