Amani and Salwa are partners in a firm. On 1\/1\/2020, capital balances in the partnership are $60000, $70000 respectively. Partner's Current Account balances are $10000 credit, $30000 credit, respectively. Partner's Drawings during the year are $15000, $5000 respectively. On 1\/9\/2020, Salwa advanced a loan of $6000 to the firm for five years with a rate of 12% transfer to her current account every six months. Income ratios are equal. In 2020, the company net Losses of $20000. Salwa's Current Account balances on 31\/12\/2020 are:<\/p>
15,240<\/p>
10360<\/p>
15,000<\/p>
15,360<\/p>", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-13 00:05:54", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/what-demographic-and-personality-variables-would-you-expect-to-be-2003078", "description": "What demographic and personality variables would you expect to be related to homophobia and transphobia?", "stars": 0 }, { "url": "\/company-p-purchased-100000-of-subsidiary-company-ss-bonds-for", "description": "Company P purchased $100,000 of subsidiary Company Ss bonds for $96,000 on January 1, 2011, when the bonds had five years to maturity. The bonds had been issued at face value and pay interest at 8%...", "stars": 3 }, { "url": "\/study-help\/questions\/amani-and-salwa-are-partners-in-a-firm-on-112020-10522183", "description": "Amani and Salwa are partners in a firm. On 1\/1\/2020, capital balances in the partnership are $60000, $70000 respectively. Partner's Current Account balances are $10000 credit, $30000 credit,...", "stars": 3 }, { "url": "\/study-help\/questions\/hi-dear-can-you-help-me-with-these-your-help-3153224", "description": "Hi Dear can you help me with these? Your help is highly appreciated. 1. What is the derivative of a chain rule? 2. Derive the derivatives of the following using the limit definition: a. Exponential...", "stars": 3 }, { "url": "\/study-help\/questions\/the-cash-accounts-of-ria-on-december-312021-has-balance-5622488", "description": "\"The cash accounts of Ria on December 31,2021 has balance of P151,000 and it consist of the following: Bills and coins on hand P52,780 Traveler's check 22,400 Credit memo from supplier's for purchase...", "stars": 3 }, { "url": "\/study-help\/questions\/you-have-just-purchased-equipment-that-cost-250000-you-expect-5612455", "description": "You have just purchased equipment that cost $250,000. You expect the salvage value in 8 years to be $25,000. A. What is the depreciation charge after 3 years using: 1. 11. III. The DDB (double...", "stars": 3 }, { "url": "\/study-help\/questions\/help-me-to-answer-them-a-food-delivery-service-aimed-5609239", "description": "help me to answer them A food delivery service aimed at college students is considering a new sales promotion. Which sales promotion would likely have the most usage? a. Newspaper ad b. Digital...", "stars": 3 }, { "url": "\/study-help\/questions\/fessenden-corporation-has-accumulated-a-significant-amount-of-debt-as-5607006", "description": "Fessenden Corporation has accumulated a significant amount of debt as a result of debt-financed acquisitions of other companies. It is currently considering acquiring one of its competitors, Sonar...", "stars": 3 }, { "url": "\/study-help\/questions\/what-type-of-alcohol-is-e2methylhex4en2ol-o-primary-o-secondary-5600731", "description": "What type of alcohol is (E)-2-methylhex-4-en-2-ol? O primary O secondary tertiary quaternary", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/jp-morgan-would-like-to-buy-3-million-usd-today-10522182", "next": "\/study-help\/questions\/please-help-me-with-my-home-work-your-health-companys-10522184" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Amani and Salwa are partners in a firm. On 1\/1\/2020, capital balances", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/amani-and-salwa-are-partners-in-a-firm-on-112020-10522183" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }d": "1" } }