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
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
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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Question
Bucao, Basco, and Blanco share
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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