Ritz , Von, and Lara are partners with capital balances of P20,000, P30,000, and P50,000 respectively. They share income in the ratio of 1:2:3. Income Summary with a debit balance of P30,000 is to be...


Ritz , Von, and Lara are partners with capital balances of P20,000, P30,000, and P50,000 respectively.  They share income in the ratio of 1:2:3.  Income Summary with a debit balance of P30,000 is to be  closed to the capital accounts. A gain is recognized for Ritz in the amount of P3,000. The amount of cash she would be getting  from the partnership upon withdrawal would be?



Jun 09, 2022
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