Masaya lang ako ngayong araw dahil, sapagkat, pagakat….
nagkaroon kami ng quiz sa accounting2 (Accounting for Partnership and Corporation). Bagama’t, kahit…kinakabahan ako noong una sa magiging resulta ng trabaho ko dahil hindi naman kasi tagala ako gaanong nakikinig sa classroom discussion at lalong di nagbabasa o advance study, halos makuha ko lahat ang tamang sagot. Kung masipag nga lang kasi ako mag-recheck ng trabaho ko, malamang nakita ko din ang error ko.
Tungkol sa admission of new partner by investment ang quiz.
I’m sure, there are still some who can relate with accounting matters.
Here’s the problem.
Cosme, Canlas and Cura are partners with profit and loss ratio of 30%, 50% and 20%, respectively. Their capital balances are: Cosme-150000pesos; Canlas-300000pesos; Cura-50000pesos. Corazon is admitted into the partnership by investing 150000pesos.
CASES:
1) 1/5 interest in the partnership with a capital credit equal to his investment.
2) 1/5 interest in the partnership with total agreed capital of 650000pesos.
3) 30% interest in the partnership with total agreed capital of 650000pesos.
4) 15% interest in the partnership with total agreed capital of 750000pesos.
5) 1/5 interest in the partnership , bonus being allowed.
And here are the answers.
1) TAC-75000 CCr- 150000
TCC-65000 Ccont-150000
100000-Asset revaluation - 0 –
Other Asets 100000
Cosme, Capital(100000x.30) 30000
Canlas, Capital(100000x.50) 50000
Cura, Capital(100000x.20) 20000
Cash 150000
Corazon, Capital 150000
2) TAC-65000 CCr- 130000
TCC-65000 Ccont-150000
20000-bonus to old partners
Cash 150000
Corazon, Capital 150000
Corazon, Capital 20000
Cosme, Capital(20000x.30) 6000
Canlas, Capital(20000x.50) 10000
Cura, Capital(20000x.20) 4000
3) TAC-65000 CCr- 195000
TCC-65000 Ccont-150000
45000-bonus to Corazon
Cash 150000
Corazon, Capital 150000
Cosme, Capital(45000x.30) 13500
Canlas, Capital(45000x.50) 22500
Cura, Capital(45000x.20) 9000
Corazon, Capital 45000
4) TAC-75000 CCr- 112000
TCC-65000 Ccont-150000
15000 -Asset Revaluation 37500-Bonus to old partners
Other Asets 100000
Cosme, Capital(100000x.30) 30000
Canlas, Capital(100000x.50) 50000
Cura, Capital(100000x.20) 20000
Cash 150000
Corazon, Capital 150000
Corazon, Capital 37500
Cosme, Capital(37500x.30) 11250
Canlas, Capital(37500x.50) 18750
Cura, Capital(37500x.20) 7500
5) TAC-65000 CCr- 130000
TCC-65000 Ccont-150000
20000-Bonus to old partners
Cash 150000
Corazon, Capital 150000
Corazon, Capital 20000
Cosme, Capital(20000x.30) 6000
Canlas, Capital(20000x.50) 10000
Cura, Capital(20000x.20) 4000
TAC stands for total agreed capital.
TCC-total contributed capital
CCr-capital credit
CCont-Capital contirbuted
*Sadly, hindi ko nasagot ng tama yung number 5 sa kadahilanang (gaya nung nakaraang linggo) mali ang TAC ko. Di pa ako sure kung yan yung tamang sagot sa case number5.
Kaya ikaw, lagi mong i-recheck sagot mu kung mahaba pa naman ang oras o kung may oras pa..^^
3 comments:
Arrr...pwedeng algebra or calculus problem na lang?
ahaha..sori naman kuya..
napansin ko lang kasi sa stats ko na yung post kong accounting-related ang may pinakamaraming view kaya ko naisip magpost neto..^^
jusme nakakalokang accounting homaygaawwwdddd... hehehe analyze dito analyze doon...
geh mag aral kang mabuti for your future.. eheheh mg advance study na lolz
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