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    Activity 3

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    Rishaan Dominic
    The document shows the beginning capital balances, capital ratios, and profit/loss

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    Activity 3

    Uploaded by

    Rishaan Dominic
    43 views7 pages
    The document shows the beginning capital balances, capital ratios, and profit/loss

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document shows the beginning capital balances, capital ratios, and profit/loss

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    43 views7 pages

    Activity 3

    Uploaded by

    Rishaan Dominic
    The document shows the beginning capital balances, capital ratios, and profit/loss

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    A.

    DIAZ MANALO TOTAL


    Profit 420,000
    PROFIT SHARE 210,000 210,000

    B. DIAZ MANALO
    CAPITAL INVESTMENT 330,000 110,000
    RATIO 3 1
    PROFIT SHARE 315,000 105,000

    C. DIAZ MANALO TOTAL


    PROFIT 420,000
    INTEREST 26,400 8,800 35,200
    TOTAL 384,800
    153,920 230,880 384800
    SHARE IN PROFIT 180,320 239,680 0

    D. DIAZ MANALO TOTAL


    PROFIT 420,000
    SALARIES 50,000 70,000 120,000
    TOTAL 300,000
    150,000 150,000 300000
    SHARE IN PROFIT 200,000 220,000 0

    E. DIAZ MANALO TOTAL


    PROFIT 420,000
    INTEREST 26,400 8,800 35,200
    SALARIES 50,000 70,000 120,000
    TOTAL 264,800
    132,400 132,400 264,800
    SHARE IN PROFIT 208,800 211,200 0
    PROBLEM #4

    Average Capital Balance :

    Abales 275,000
    Galang 275,000
    Jan 1 investment 200,000 200,000 x 8/12= 133,333
    Sept 1 investment 75,000 275,000 x 4/12= 91,666.67

    Total Average Capital 500,000


    Profit 800,000
    Ables Share 440,000 (800,000 x 275/500)
    Galang Share 360,000 (800,000 x 225/500)
    PROBLEM #5

    ABAD AGLUGUB ONATE TOTAL


    Beginning Capital 300,000 250,000 450,000 1,000,000
    Balances
    Ratio 3 2.5 4.5 10
    Profit 270,000
    Share in Profit 81,000 67,500 121,500 270,000

    Loss -240,000
    Share in Loss -72,000 -60,000 -108,000 -240,000
    PROBLEM #9
    1 2 A. Marasigan
    Cash 2,400,000 Profit 2019
    Building 2,200,000 Share in Profit 420,000
    Equipment 1,400,000
    Marasigan, Capital 2,400,000 Profit 2020
    Asacta, Capital 3,600,000 Share in profit 200,000

    B. Marasigan (40%)
    Capital Balance 2,400,000

    Profit 2019
    Share in Profit 336,000

    Profit 2020
    Share Profit 160,000

    C. Marasigan (40%)
    Capital Balance 2,400,000

    Profit 2019
    Share in Profit 336,000

    Profit 2020
    Share Profit 160,000

    D. Marasigan
    Profit 2019
    Interest 240,000
    Total
    120,000
    Share In Profit 360,000

    Profit 2020
    Interest 240,000
    Total
    -100,000
    Share In Profit 140,000

    E. Marasigan
    Profit 2019
    Salaries 400,000
    Total
    80,000
    Share In Profit 480,000
    Profit 2020
    salaries 400,000
    Total
    -140,000
    Share In Profit 260,000

    F. Marasigan
    Profit 2019
    Salaries 400,000
    Interest 216,000
    Total
    -190,000
    Share In Profit 426,000

    Profit 2020
    Salaries 400,000
    Interest 216,000
    Total
    -410,000
    Share In Profit 206,000
    Asacta Total
    840,000
    420,000 840,000

    400,000
    200,000 400,000

    Asacta (60%) Total


    3,600,000 6,000,000

    840,000
    504,000

    400,000
    240,000

    Asacta (60%) Total


    3,600,000 6,000,000

    840,000
    504,000

    400,000
    240,000

    Asacta Total
    840,000
    360,000 600,000
    240,000
    120,000 240,000
    480,000 0

    400,000
    360,000 600,000
    -200,000
    -100,000 200,000
    260,000 0

    Asacta Total
    840,000
    280,000 680,000
    160,000
    80,000 160,000
    360,000 0
    400,000
    280,000 680,000
    -280,000
    -140,000 280,000
    140,000 0

    Asacta Total
    840,000
    280,000 680,000
    324,000 540,000
    380,000
    -190,000 380,000
    414,000 0

    400,000
    280,000 680,000
    324,000 540,000
    -820,000
    -410,000 820,000
    194,000 0

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