An event that will not require a change in the profit-sharing ratio of partners in a firm is when
Use the following information to answer the question that follows
Receipt and payments: 31st December 2016
Cash at bank------460 New equipment------200
Subscriptions-----520 Cleaner's wage-----540
Donations--------- 500 Stationary----------- 140
Sale of stickers---490 Cash at bank--------110
Entrance fee------670
The total income received for the year is...........
Use the following information to answer the question that follows
Receipt and payments: 31st December 2016
Cash at bank------460 New equipment------200
Subscriptions-----520 Cleaner's wage-----540
Donations--------- 500 Stationary----------- 140
Sale of stickers---490 Cash at bank--------110
Entrance fee------670
The surplus for the year is-----------
Use the following information to answer the question below
N
Net profit -------------------------17,460
Capital account: Taiwo--------50,000
Obi----------40,000
Drawings Account: Taiwo----12,000
Obi-------10,000
Salary - Obi---------------------1,500
Interest on capital--------------5%
Interest on drawings----------4%
Profit sharing ratio is 3:2 for Taiwo and Obi respectively
Taiwo's share of profit is------
Use the following information to answer the question below
N
Net profit -------------------------17,460
Capital account: Taiwo--------50,000
Obi----------40,000
Drawings Account: Taiwo----12,000
Obi-------10,000
Salary - Obi---------------------1,500
Interest on capital--------------5%
Interest on drawings----------4%
Profit sharing ratio is 3:2 for Taiwo and Obi respectively
Obi's share of profit is---------------
