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Rory, Sori dan Tory are partners of ReST Partnership. Each partner contributed RM50,000 to start up the partners' business Rory, Sori dan Tory are partners
Rory, Sori dan Tory are partners of ReST Partnership. Each partner contributed RM50,000 to start up the partners' business
Rory, Sori dan Tory are partners of ReST Partnership. Each partner contributed to start up the partners' businesse Profit for the year ended 30 June 2020 is R-M3102000. Profit will be shared by each partner after taking account the following terms: Interest on beginning capital is 10% per year. Interest on Mithdrawal is 59/0 per yeare Tory receive salary RMI 02000 per month. Rory made advance to partnership amounting RM125,OOO at 1 May 2020 Profit will be shared based on 2 - 3 : 5 to Rory, Sori dan Tory respectively Begining balance of current account and Mithdrawal for each partner are follows accoun o:oooe o:oooe Sori Tory Required: Withdrawalc 60:oooe 55:oooe 25:oooe Prepare the following on 30 June 2020:e a. Schedule for Division of Profit b. Current account partners (using the Fixed capital method Owner equity section of partnership
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