Scribd
Upload
168 views

CH 008

The document provides details about two partnership agreements. The first agreement is between partners Nadine and Lysa who contributed capital in a 1:2 ratio. The partnership generated a profit of P200,000. The second agreement is between partners Ciar and Jaybon. Ciar contributed capital of P400,000 while Jaybon contributed services. They agreed to split profits 70% to Ciar and 30% to Jaybon. With a profit of P100,000, the summary provides the profit distribution amounts for each partner.

Uploaded by

Joana Trinidad
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
168 views

CH 008

The document provides details about two partnership agreements. The first agreement is between partners Nadine and Lysa who contributed capital in a 1:2 ratio. The partnership generated a profit of P200,000. The second agreement is between partners Ciar and Jaybon. Ciar contributed capital of P400,000 while Jaybon contributed services. They agreed to split profits 70% to Ciar and 30% to Jaybon. With a profit of P100,000, the summary provides the profit distribution amounts for each partner.

Uploaded by

Joana Trinidad
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Question 3

Instrucons:
1. Do not use comma and peso sign (i.e. if your answer is P200,500, encode it as 200500)
2. For Profit and Loss rao, round - off and use two decimal places and express your answer in
percentage(i.e. if your answer is .20345, encode it as 20.35%).
Problem: Nadine and Lysa formed a partnership on Jan. 01, 2019. Below the details of their
capital accountsfor 2019:
On the same year, the partnership generated a profit of P200,000.
Required: Determine the Profit Rao and the share on profits for Nadine and Lysa on the
followingagreements:
A. If agreement is based on Lysa
Capital Contribuons:Nadine
Profit Ratio 1 _____ 2 _____
Share on Profit 3 _____ 4 _____

Response: 62.50%
Response: 37.50%
Response: 125000
Response: 75000
Response: 50.00%
Response: 50.00%
Response: 100000
Response: 100000

Question 4
Instrucons: Do not use comma and peso sign (i.e. if your answer is P200,500, encode it as 200500)
Problem: Ciar and Jaybon are partners. Their capital contribuon are as follows: Ciar, P400,000 and
Jaybonwill provide his services. The partners agreed to divide profits or losses in the rao of 70%
and 30% forCiar and Jaybon, respecvely.
If the profit is P100,000, how should the profit be distributed among the partners?
1. Ciar _____
2. Jaybon _____
Response: 70000
Response: 30000

You might also like