H. Marc, Jacobs and Benetton share profits in the ratio 2:3:5. OnSeptember 30O, Partner Benetton opted to retire from the partnership.The capital balances on this date are the following: Marc-P50,000;Jacobs-P 80,000; Benetton-P 70,000. How muchMarc assuming Benetton is paid P 78,000 in full settlement of hisinterest? Use Bonus method.to be debited from

Benetton has decided to retire on September 30. On the date of his retirement, his capital balance…

H. Marc, Jacobs and Benetton share profits in the ratio 2:3:5. On September 30, Partner Benetton opted to retire from the partnership. The capital balances on this date are the following: Marc-P50,0003; Jacobs-P 80,000; Benetton-P 70,000. How much is to be debited from Marc assuming Benetton is paid P 78,000 in full settlement of his interest? Use Bonus method.

H. Marc, Jacobs and Benetton share profits in the ratio 2:3:5. On September 30, Partner Benetton opted to retire from the partnership. The capital balances on this date are the following: Marc-P50,0003; Jacobs-P 80,000; Benetton-P 70,000. How much is to be debited from Marc assuming Benetton is paid P 78,000 in full settlement of his interest? Use Bonus method.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter21: Partnerships

Section: Chapter Questions

Problem 7BCRQ

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