Good day, mga Ka-PH need ko po sana ng help kung paano po sagutin yung tanong sa ibaba. Though the answer is "D.", hindi ko po kasi maintindihan kung paano nakuha yung sagot na yun. Baka pwede pong pa-ask sa mga online tutor sa Course Hero, wala po kasi akong ρrémíùm account doon. hehe Salamat po. Or much better kung CPA or Accounting Student ka man Ka-PH na bumabasa nito, I will be very thankful kapag inexplain mo po sa akin.
1. PP contributed P24,000 and CC contributed P48,000 to form a partnership, and they agreed
to share profits in the ratio of their original capital contributions. During the first year of
operations, they made a profit of P16,290; PP withdrew P5,050 and CC P8,000. At the start
of the following year, they agreed to admit GG into the partnership. He was to receive a
one-fourth interest in the capital and profits upon payment of P30,000 to PP and CC, whose
capital accounts were to be reduced by transfers to GG’s capital account of amounts
sufficient to bring them back to their original capital ratio.
How should the P30,000 ρáíd by GG be divided between PP and CC?
A. PP, P 9,825; CC, P 20,175
B. PP, P 15,000; CC, P 15,000
C. PP, P 10,000; CC, P 20,000
D. PP, P 9,300; CC, P 20,700
1. PP contributed P24,000 and CC contributed P48,000 to form a partnership, and they agreed
to share profits in the ratio of their original capital contributions. During the first year of
operations, they made a profit of P16,290; PP withdrew P5,050 and CC P8,000. At the start
of the following year, they agreed to admit GG into the partnership. He was to receive a
one-fourth interest in the capital and profits upon payment of P30,000 to PP and CC, whose
capital accounts were to be reduced by transfers to GG’s capital account of amounts
sufficient to bring them back to their original capital ratio.
How should the P30,000 ρáíd by GG be divided between PP and CC?
A. PP, P 9,825; CC, P 20,175
B. PP, P 15,000; CC, P 15,000
C. PP, P 10,000; CC, P 20,000
D. PP, P 9,300; CC, P 20,700