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I NEED FULL ANSWER STEP BY STEPQuestion 1 Batu Hampar Enterprise is a partnership business involved in homestay business at Yan, Kedah. Below is the
I NEED FULL ANSWER STEP BY STEPQuestion
Batu Hampar Enterprise is a partnership business involved in homestay business at Yan,
Kedah. Below is the financial information of the partnership:
a Divisible income of the business for the year ended December is RM
and partnership remuneration and allowances is RM
b The partners, Rahim and Jalil allocated with : profitloss sharing ratio. Starting from
st October Mamat join the partnership and the profitloss allocation changed to
::Rahim: Jalil: Mamat
c Allocation for partnership remuneration is also based on profit loss allocation ratio.
d Capital allowance for the year is RM
e Donations was made at st July to Rumah Anak Yatim AlLuqman approved &
receipt attached cost RM
Required:
Compute the total income for each partner for the year of assessment
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