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Question: Allocation of Profit ( or losses ) among partners. Bella, Sam and Raina are three partners who run a business in partnership and have
Question: Allocation of Profit or losses among partners.
Bella, Sam and Raina are three partners who run a business in partnership and have an agreement to share the profit or losses in the following manner:
First One third of profit is shared based on their capital balances
All partners receive a salaries for their services as Bella $ Sam $ and Raina $
They also receive interest on their opening capital balances @
Remaining Profit or loss is shared equally among the partners.
If the business made a Profit of $ Show detailed calculation of how profit or loss is allocated, given the following information
Capital Balances:
Bella: $
Sam: $
Raina: $
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