Question

When a partnership agreement stipulates an agreed capitalization of P100 000.00 and the partners are to divide the said capitalization in the ratio of 1:2:2. What is the corresponding parts  as follows assuming the partners are X, Y, and Z, respectively?​

Answer 1

Step-by-step explanation:

If there is no partnership agreement the profits will be share equally. ... The profit must be share equally in the case of a partnership firm ... Profit sharing Ratio : Profits and losses would be shared equally among partners. ... If there is an agreement to allow interest on capital it is to be allowed only in case of .

Answer 2

Answer:

1:2:2 becomes 1 +2+2 = 5

X= 1/5 x 100,000 = 20,000

Y= 2/5 x 100,000 = 40,000

Z= 2/5 x 100,000 = 40,000

20,000+ 40,000+ 40,000 =100,000