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Aqeel, Aseem and Adeeb are in partnership, sharing profits and losses in the ratio of 3/5, 175 and 1/5 respectively. Their partnership agreement provides that:
Aqeel, Aseem and Adeeb are in partnership, sharing profits and losses in the ratio of 3/5, 175 and 1/5 respectively. Their partnership agreement provides that: Total balances of the capital account as at 1 June 2020 is RM200,000 allocated proportionately according to the ratio of 5:3:2. (2) Current account balances as at 1 June 2020 for Aqeel, Aseem and Adeeb are RM18,000, RM9,500 and RM8,200 respectively
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