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A, B and C are partners with average capital balance during 2018 of Php120,000, Php60,000; and Php40,000, respectively. Partners receive 10% interest on their capital
A, B and C are partners with average capital balance during 2018 of Php120,000, Php60,000; and Php40,000, respectively. Partners receive 10% interest on their capital balances. After deducting salaries of Php30,000 to Ask and Php20,000 to Receive, the residual profit and loss is divided equally. In 2019, the Partnership sustained a loss before interest and salaries to partners. By what amount should Ask's capital account change?
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