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CHOOSE THE CORRECT ANSWER If the partnership agreements states that profit and losses are divided by allowing 15% interest on beginning capital balance. annual salaries

CHOOSE THE CORRECT ANSWER

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If the partnership agreements states that profit and losses are divided by allowing 15% interest on beginning capital balance. annual salaries of P 50,000 to Choji and P 40,000 to Sydney, a bonus of10% of prot after interest and salaries is given to Sydney and any remainder is in the ratio of 1:2, how much is the share of Choji in the partnership profits osses ? D5,; [1 Point} The capital accounts of Choji and Sydney at the end of the 2020 are as follows: M gym January 1 balance P500,000 P 350,000 Investment March 28 100,000 June 26 50,000 Withdrawal June 30 50,000 Oct. 1 15,000 The partnership has a credit balance of P 230,000 in the income summary account. 0 P101250 0 P 128.?50

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