, B, and C are partners sharing profits and losses in a 5:3:2 ratio. They have capital balances of P500,000; P300,000 and P200,000 respectively. B retires and receives only P240,000 from the partnership as it is deemed that firm's equipment is under depreciated. What is the capital balance of A after B's withdrawal
, B, and C are partners sharing profits and losses in a 5:3:2 ratio. They have capital balances of P500,000; P300,000 and P200,000 respectively. B retires and receives only P240,000 from the partnership as it is deemed that firm's equipment is under depreciated. What is the capital balance of A after B's withdrawal
, B, and C are partners sharing profits and losses in a 5:3:2 ratio. They have capital balances of P500,000; P300,000 and P200,000 respectively. B retires and receives only P240,000 from the partnership as it is deemed that firm's equipment is under depreciated. What is the capital balance of A after B's withdrawal
A, B, and C are partners sharing profits and losses in a 5:3:2 ratio. They have capital balances of P500,000; P300,000 and P200,000 respectively. B retires and receives only P240,000 from the partnership as it is deemed that firm's equipment is under depreciated. What is the capital balance of A after B's withdrawal?
Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.
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