ACCA F6 UK lectures Download F6 notes
ACCA F6 Partnership Losses
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I lover your sense of humor! AVFC <3
I hope I will see you again for P6 by the time I get there.
Chapter 8 Lecture example where A is leaving the partnership.
Why was not the salary calculated for 3/12 of 20,000 & 10,000 for period 1Oct18 – 31Dec18
same question plz reply
because from 1st oct 2018 new partnership agreement is in force, in which there are no salaries and the profit sharing ratio is 1:1 therefore whatever the partnership profit be will be divided according to 1:1 i.e 50% for each.
Chapter 8 Lecture example where A is leaving the partnership.
Why was not the salary calculated for 3/12 of 20,000 & 10,000 for period 1Oct18 – 31Dec18
because from 1st oct 2018 new partnership agreement is in force, in which there are no salaries and the profit sharing ratio is 1:1 therefore whatever the partnership profit be will be divided according to 1:1 i.e 50% for each.