free accounting lesson po ** ...('o')

[mari_an28]

hellow po mga friends... post lang po *** ng mga topics ** n lyk nyo maidiscuss. free po 2 sa lht ng lyk magcontribute ng opinion nla... regarding s mga concerns ng mga accounting students about s mga topics s accounting subjects... ......mag2lungan po taung lht GODbless 2 all.

[mari_an28]

P1 ( Financial Accounting 1,2 And 3)
P2 (advance Accounting 1,2 And Cost Accounting)
Mas
Ap
Tax
Toa
At
Law

[mari_an28]

Gud day to every one... for those students out there you can post your questions here that are related to your accounting subjects... we're willing to share some knowledge to clarify those things for you...

exceptions: bwal po magpost ** ng mga questions n homework nyo.. we can only sight some examples to help you... sorry but we don't tolerate *** mga tamad n studyante....

For my fellow CPA's allowed po kaung mag share ** ng mga knowledge nyo to help other.....

GODBLESS to ALL...

[av0415]

Dayag no. 91

The August, Albert, and Gerry partnership became insolvent on January 1 2011, and the partnership is being liquidated as soon as practicable. In this respect the following information for the partners has been marshaled:

Capital balances
august 70,000
albert (60,000)
gerry (30,000)

personal assets
august 80,000
albert 30,000
gerry 70,000

personal liabilities
august 40,000
albert 50,000
gerry 30,000

Assume that residual profits and losses are shared equally among the three partners. Based on this information, calculate the maximum amount that August can expect to receive from the partnership liquidation:

answer: 20,000


Ito question ko: Sa solution kasi ni Sir Dayag ang total na binawas kay August 50,000 kaya naging 20k. Pero hindi ba dapat hanggang 40,000 lang kasi solvent lang si August up to that certain amount.

[av0415]

Taxable ba income ng PAGCOR? Sabi kasi ng prof namin sa undergrad dati na reviewer din, hindi daw. Sabi naman nung reviewer namin ngayon sa tax, taxable daw. thanks.

[mari_an28]

Dayag no. 91

The August, Albert, and Gerry partnership became insolvent on January 1 2011, and the partnership is being liquidated as soon as practicable. In this respect the following information for the partners has been marshaled:

Capital balances
august 70,000
albert (60,000)
gerry (30,000)

personal assets
august 80,000
albert 30,000
gerry 70,000

personal liabilities
august 40,000
albert 50,000
gerry 30,000

Assume that residual profits and losses are shared equally among the three partners. Based on this information, calculate the maximum amount that August can expect to receive from the partnership liquidation:

answer: 20,000


Ito question ko: Sa solution kasi ni Sir Dayag ang total na binawas kay August 50,000 kaya naging 20k. Pero hindi ba dapat hanggang 40,000 lang kasi solvent lang si August up to that certain amount.

>>>>supposed to be 40k *** marerecieved ni august but as you can see my negative 20k remaining na dpat pang iliquidate on the part of gerry after exhausting *** personal assets nya. Since c august nlng *** my natitirang positive capital.. dpat nya ***** ishoulder un para makumpleto n *** liquidation.. try m read *** business law mo regarding partnership liquidation... my part dun n nagstate n magging personal obligation n *** mga ganitong classing case... which mins personnaly liable n c gerry to pay *** amount n 20k kay august....... Estimate *** naman po kc *** tinatanong ** eh kaya yan *** sagot.
correct po answer ni Sir dayag... ('o')