User Account

All Pages

What amount should aa and cc capital account change

Assignment Help Financial Accounting
Reference no: EM132656876

Question 1: AA, bb and cc are partners with average capital balances during 2011 P472,500, P238,650 and P162,350 respectively. the partners receive 10% interest on their average capital balances after deducting salaries of P122,350 to aa and P82,625 to cc, the residual profits or loss is divided equally. in 2011 , the partnership had a net loss of P125,624 before the interest and salaries to partners. by what amount should aa's and cc's capital account change - increase (decrease)

Reference no: EM132656876

Questions Cloud

Examine the experiments of loftus and gardner : For this task you will examine the experiments of Loftus and Gardner. Describe and analyze each of these experiments. You will prepare two separate analyses.
Describe significance of study to the field of psychology : Find three different articles where researchers used the same type of research methodology to conduct an experiment. To locate these scholarly articles, search.
Find the company uses a periodic inventory system : Find the company uses a periodic inventory system.Transactions are posted immediately to the relevant ledger account if they are entered into general journal
Conflict resolution styles : In personal and workplace settings, conflicts inevitably occur. It is important that conflicts are resolved as soon as they are recognized. Conflict resolution
What amount should aa and cc capital account change : What amount should aa's and cc's capital account change - increase (decrease). AA, bb and cc are partners with average capital balances
Describe reasons the researchers carried out the project : A one paragraph explanation of the background in the field leading up to the study, and the reasons the researchers carried out the project.
Examine the ethical issues : Identify how behaviour is linked to survival and evolution and the interconnection between genes, environment and behaviour.
Make a tabular analysis of the september transactions : Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities)
Define psychotherapeutic relationship and type of illness : Should these focus on techniques, the psychotherapeutic relationship, the type of illness, or some combination of all three? If you could suggest just one.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd