Virgie was credited with salary of P72,000 and interest of 12,000 o her capital contributions....
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Accounting
Virgie was credited with salary of P72,000 and interest of 12,000 o her capital contributions. She was charged with P6,000 as her share in the remainder on a 1:1 ratio. The capital contributions are P100,000 for Virgie and 200,000 for Rose. Only Virgie is the managing partner. How much was the total profit for distribution?
Question 6 options:
|
| 96,000 |
|
| 72,000 |
|
| 90,000 |
|
| 66,000 |
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