if the cash available for distribution amounted to P75,000, Joker will receive? if Heart were to receive P12,500, total cash available would have been? how much should be the minimum cash available before the profit and loss ratio will be used in the distribution of cash to partners?
if the cash available for distribution amounted to P75,000, Joker will receive? if Heart were to receive P12,500, total cash available would have been? how much should be the minimum cash available before the profit and loss ratio will be used in the distribution of cash to partners?
if the cash available for distribution amounted to P75,000, Joker will receive? if Heart were to receive P12,500, total cash available would have been? how much should be the minimum cash available before the profit and loss ratio will be used in the distribution of cash to partners?
The partners Aces, Hearts, Cloves and Joker share profit and loss equally. Capital balances before liquidation amounted to P75,000. P100,000, P125,000 and P50,000 respectively. Partner Hearts' Due to partnership amounted to P15,000 and Loan Payable to Joker amounting to P10,000.
if the cash available for distribution amounted to P75,000, Joker will receive?
if Heart were to receive P12,500, total cash available would have been?
how much should be the minimum cash available before the profit and loss ratio will be used in the distribution of cash to partners?
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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