Win Ballada Parcor Chapter 4 Problem

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Problem No.

6
Chapter 4

Cash Liabilities Modesto, Capital


P/L Percentage 2/3
Balance before Liquidation 1,200,000 150,000 600,000
Sale of NCA and Distribution of Losses 900,000 600,000
Balances 2,100,000 150,000 1,200,000
Payment of Liabilities (150,000) (150,000)
Balances 1,950,000 1,200,000
Payment to Partners (1,950,000) (1,200,000)
Corpuz, Capital
1/3
450,000
300,000 900,000
750,000

750,000 1,950,000
(750,000)

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