Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sameer, kaled and Hind are pratners in a business profit ratio 5 0 % , 3 0 % and 2 0 % . the partneship

Sameer, kaled and Hind are pratners in a business profit ratio 50%,30% and 20%. the partneship statement in date of ligidation was:
\table[[cash,400,000,account payable,100,000],[debit to hind,20,000,capital sameer,1020,000],[non current assets,2,280,000,capital kaled,1080,000],[,,capital hind,500,000]]
according to losses obervation plan who will pay first from the partners and how much?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing SAP S 4HANA

Authors: Steve Biskie

1st Edition

1493222643, 978-1493222643

More Books

Students also viewed these Accounting questions