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TE Taher Sadiq and Tabreez have been in partnership business since a long a time. The capital balances of Taher BD 150,000; Sadiq BD 90.000
TE Taher Sadiq and Tabreez have been in partnership business since a long a time. The capital balances of Taher BD 150,000; Sadiq BD 90.000 and Tabreez BD 60,000. They are sharing niet income or loss in the ratio of 5:3:2 On 31 January Tabreez decided to leave the partnership due to some personal issues. What is the journal entry of Tabreez retirement if getting BD 30.000 from the business for his equity A Tabreez capital 30,000 Tabreez drawing 30,000 B. Tabreez capital 60,000 Taher capital 18.750 Sadiq capital 11250 Cash 30,000 O No entry OD. Cash 60,000 Tabreez capital 60.0000
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