• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Partnership

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Partnership

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by maximus07.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 5, 2021 at 10:21 pm #623336
    maximus07
    • Topics: 374
    • Replies: 379
    • ☆☆☆☆

    Shahid and Kareena are in partnership, sharing profits in the ratio of 1:2, after charging salaries of $6,000 each partner in each accounting year. On 1 July 2013, they agreed to change the profit-sharing ratio to 1:1 and to increase each partner’s salary to $9,000 per year. For the year ended 31 December 2013, the partnership profit amounted to $240,000. Profits are made evenly throughout the year. What are the partner’s total share of profit to be posted their respective current accounts for the year ended 31 December 2013?

    Please help me solve. I am not acknowledged about answer too.

    June 6, 2021 at 8:58 am #623378
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49595
    • ☆☆☆☆☆

    Partnership accounting is not examinable in Paper FA (and has not been examinable for well over 10 years!!).

    June 6, 2021 at 9:54 am #623391
    maximus07
    • Topics: 374
    • Replies: 379
    • ☆☆☆☆

    Sorry sir. Mistakenly wrote FA2 question here.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Manuga on ACCA AB Chapter 16 – How an individual can develop – Questions
  • Manuga on ACCA AB Chapter 16 – How an individual can develop – Questions
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • ngtuanthungoc on FA Chapter 4 Questions Accruals and Prepayments

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy