User Account

All Pages

Distribute the loss to the partners

Assignment Help Financial Accounting
Reference no: EM132780436

Question - Given

Ending Capital balances of the partners:

Bernal: 516 666

Jaya: 608 333

Vidal: 733 333

Ratio of the Average capital balances of the partners:

Bernal: 27.8

Jaya: 32.74

Vidal: 39.46

During the year, the partnership has a net loss of 300,000 the partners agreed that to provide salaries of 5000 per month to each partner, 4% interest on ending capital balances and bonus after bonus of 10% of profit to Jaya. The balance would be divided according to the ratio of average capital balance. Distribute the loss to the partners.

Reference no: EM132780436

Questions Cloud

What are the indicators for using a regression analysis : What are the indicators for using a regression analysis? Create a research scenario in which it would be correct to use a regression analysis.
What are the challenges associated with big data analytics : What are the challenges associated with big data analytics. Is it quick and easy to exploit and profit from big data?
What is our ethical obligation to the environment : What is our ethical obligation to the environment, our biotic community? Imagine that you are engaged in a conversation with a group of high school seniors
Approaches to management perspectives : 1. List and define the 3 Approaches to Management Perspectives. Which perspective or perspectives would be relevant for the following and why?
Distribute the loss to the partners : The balance would be divided according to the ratio of average capital balance. Distribute the loss to the partners
What are the characteristics of a dead body : What are the characteristics of a dead body? Consider the processes involved in muscle contraction. Summarize in a few sentences the relationship between ATP.
List of entities and attributes identifying primary keys : Part 1: List of entities and attributes identifying primary keys
How external environment can impact on change strategies : Discuss at least three barriers to organisational change and Discuss at least two strategies to address barriers to organizational change
What is the expected market risk premium : Assume the capital asset pricing model holds and Apple stock's beta is greater than Disney stock's beta by 0.21. What is the expected market risk premium

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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