Question

mcCann pollarrd and raj are all members of a partnership.they split all profit according to their capital balance. opening capital balance are as follows:. mcCann 50000 pollard 50000 and raj 40000. mccann staie is purchased for 40000 from company resources.Q1 what is bonus that result from this transaction. Q2 creat the journal entry to record the withdral of this partner​

Answer 1

n pollarrd and raj are all members of a partnership.they split all profit according to their capital balance. opening capital balance are as follows:. mcCann 50000 pollard 50000 and raj 40000. mccann staie is purchased for 40000 from company resources.Q1 what is bonus that result from this transaction. Q2 creat the journal entry to record the withdral of this partner

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