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On January 1, 2020, A, B and C formed ABC Partnership with a total agreed capitalization of P1,000,000. The capital interest ratio of the
On January 1, 2020, A, B and C formed ABC Partnership with a total agreed capitalization of P1,000,000. The capital interest ratio of the ABC Partnership is 5:14 while the profit and loss ratio is 3:2:5. During 2020, A and B made an additional investment of P200,000 and P500,000. At the end of 2020, B and C made drawings of P300,000 and P100,000 respectively. On December 31, 2020, the partnership has net income of P800,000. What is the capital balance of A at the end? 740,000 O 1,100,000 940,000 900,000
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