On July 1, 2021, X, Y and Z formed a partnership with X as an industrial partner Y and Z contributed cash of P80,000 and P120,000 respectively. They agree to divide profits in the ratio of 2.53 to X, Y and Z respectively If operations for the year 2021 resulted to a loss of P140,000. How much is the share of Z?
On July 1, 2021, X, Y and Z formed a partnership with X as an industrial partner Y and Z contributed cash of P80,000 and P120,000 respectively. They agree to divide profits in the ratio of 2.53 to X, Y and Z respectively If operations for the year 2021 resulted to a loss of P140,000. How much is the share of Z?
On July 1, 2021, X, Y and Z formed a partnership with X as an industrial partner Y and Z contributed cash of P80,000 and P120,000 respectively. They agree to divide profits in the ratio of 2.53 to X, Y and Z respectively If operations for the year 2021 resulted to a loss of P140,000. How much is the share of Z?
On July 1, 2021, X, Y and Z formed a partnership with X as an industrial partner Y and Z contributed cash of P80,000 and P120,000 respectively. They agree to divide profits in the ratio of 2.53 to X, Y and Z respectively If operations for the year 2021 resulted to a loss of P140,000. How much is the share of Z?
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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