Jorge, Jamul and Jihad are partners in a Limited partnership. Jorge and Jamil are general partners, while Jihad is a limited partner share capital balance of $50,000, $45,000and $20,000 respectively. Sharing the profits and losses equally, and they liquidated the firm, Realization Account was 90000 debit balance. What is Jorge's share from the firm cash?
Jorge, Jamul and Jihad are partners in a Limited partnership. Jorge and Jamil are general partners, while Jihad is a limited partner share capital balance of $50,000, $45,000and $20,000 respectively. Sharing the profits and losses equally, and they liquidated the firm, Realization Account was 90000 debit balance. What is Jorge's share from the firm cash?
Chapter21: Partnerships
Section: Chapter Questions
Problem 57P
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Jorge, Jamul and Jihad are partners in a Limited
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