Bucao, Basco, and Blanco share profits and losses in the ratio of 2:3:5, respectively. Their  partnership realized a profit of P1,800,000 during the year. Bucao, with a beginning capital  balance of P1,000,000 withdrew P200,000 during the year. Bucao’s ending capital balance  is a. P 560,000 c. P1,160,000 b. P1,000,000 d. P1,360,000

Principles of Accounting Volume 1
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ISBN:9781947172685
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Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 2EA: The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after...
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Bucao, Basco, and Blanco share profits and losses in the ratio of 2:3:5, respectively. Their 
partnership realized a profit of P1,800,000 during the year. Bucao, with a beginning capital 
balance of P1,000,000 withdrew P200,000 during the year. Bucao’s ending capital balance 
is
a. P 560,000 c. P1,160,000
b. P1,000,000 d. P1,360,000 

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