Posted by **Peaches** on Saturday, February 13, 2010 at 1:13pm.

how do i calculate this problem?

A and B are in partnership sharing profits and losses in the ratio 3:2 respectively. Profit for the year was $86,500. The partners’ capital and current account balance at the beginning of the year:

Current accounts – A 5,750 (credit) – B – 1,200 (credit)

Capital accounts – A – 10,000 (credit) – B – 8,000 (credit)

A’s drawing during the year were $4,300, and B’s were $2,430, A’s and B’s current account balance at the end of the year:

## Answer this Question

## Related Questions

- accounting ..urgent pls - can you help please.. PROB 1: A, B and C shared the ...
- accounting - is any one can help me in solving these problem.thank you and may ...
- accounting - please can you help how to get the answers fpr this problem solving...
- accounting.pls help me - Is anyone can help me to solve this problem beloww. ...
- accounting please help urgent - pls.hep me to solve tjis problem.. is anyone ...
- accounting..please help - can you help me please for this solving problem below...
- math - Asha, Nangila and Cherop contributed shilling 60,000,shilling 85,000 and ...
- math - Three men, A,B and C upon forming a partnership, invest $1,800, $2,500 ...
- math - Three men, A, B, and C upon forming a partnership, invest $1,800, $2,500 ...
- Accounting 102 - Turner and Isham agreed to form a partnership. Turner ...

More Related Questions