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October 29, 2017 at 8:02 am
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
Muhammad W. says
November 19, 2017 at 11:10 pm
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.
October 11, 2017 at 3:04 am
November 19, 2017 at 11:09 pm
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