User Account

All Pages

Give the entries necessary to record the withdrawal of C

Assignment Help Financial Accounting
Reference no: EM132802289

Question - Withdrawal of a Partner Journal entry A, B, and C are partners with capital balances on December 31, 200D of P450,000, P450,000, and P300,000, respectively. Profits are shared equally. C wishes to withdraw and it is agreed that he is to take certain furniture and fixtures at their second-hand value of P18,000 and note for the balance of his interest. The furniture and fixtures are carried on the books as fully depreciated. Brand new, the furniture and fixtures may cost P30,000. Give the entries necessary to record the withdrawal of C.

Reference no: EM132802289

Questions Cloud

Prepare ryckman journal entries to record dividends received : During the year, Minerva paid a cash dividend of $2.36 per share. Prepare Ryckman journal entries to record dividends received
Can you discern a vested ideological perspective : Apply evaluative criteria to your analysis. Is there a particular audience that the article is targeting? Is there an appeal to sensationalism?
Discuss the development of the atomic theory : Discuss the development of the atomic theory of matter with reference to Dalton's atomic theory, Joseph Proust and law of multiple proportions
Discuss the blend of training delivery methods you selected : Discuss the blend of training delivery methods you selected and explain your blend. For example, if you chose to include self-paced instruction for a certain.
Give the entries necessary to record the withdrawal of C : Brand new, the furniture and fixtures may cost P30,000. Give the entries necessary to record the withdrawal of C
How much are total budgeted cash collections during May : DynaCare Products' sales are all on account. History indicates that sales will be collected as follows: How much are total budgeted cash collections during May
What is the molarity of a salt solution : What is the molarity of a salt solution made by dissolving 280.0 mg of sodium chloride in2.00 mL of solution?
Discuss the change and the reasons behind the change : Discuss the change and the reasons behind this change. How have these changes helped the company communicate to the customer?
Why the difference matters to hrm decision-making : After reviewing all the material for the week, share in your own words (with at least two in-text citations to indicate the origin of your information.

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