Solution-How much of the year profit should receive

How much of the year profit should receive

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Question - On January 1, 2021, Pj and Lj formed a partnership. Pj initially invested P500,000 and added P150,000 on September 1, 2021 while Lj initially invested P380,000 and added P120,000 June 1, 2021. How much of the year's P800,000 profit should Pj receive if profits and losses are distributed based on the ratio of their average capital balances?

Reference no: EM133138479

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How much of the year profit should receive

Reference no: EM133138479

Reference no: EM133138479

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