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  1. business
  2. accounting
  3. if x partner purchased 100% of y partner capital f

if x partner purchased 100% of Y Partner capital from his own money the debit...

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Accounting

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if x partner purchased 100% of Y Partner capital from his own money the debit side in journal entry will be Select one: a. Y Capital b. partnerships capital c. X Capital d. cash Sameer and Sami are two partners in partnerships divided profit & loss 5:3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sami from remaining profit Select one: a. 10,000 profit O O b. 6,000 loss c. 10,000 loss d. 6,000 profit Ahmad and Ali agrees to establish new partnerships with total capital $150,000 divided equally if Ahmad transfer his own car costing $45,000 and accumulated depreciation for cars $10,000 and the market value of car is $40,000 and remaining should paid cash what are the cash amount should be paid from Ahmad Select one: a. 40,000 b. 45,000 c. 30,000 d. 35,000

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