Partnership accounts (numerical)
This query is : Resolved
09 October 2007
A and B are partners sharing profits and losses in 3:2.Capital of both are 30k and 15 k respectively. They admitted C agreed to give 1/5th share of profits to him. How much should C bring in towards his capital? How?
09 October 2007
Hi,
Capital Contrubution of C should be 20K
Eg.
Profit 100K
Share
C - 20K
B - 32K
A - 48K
Capital Contrubution of C should be 20K
Eg.
Profit 100K
Share
C - 20K
B - 32K
A - 48K
09 October 2007
Requirement of capital depends upon the terms of partnership and the same cn be modified keeping in mind important aspects.
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