Question: 1.CP are capitalist partners while IP is industrial partner, who in addition to his services also contributed capital to the partnership. There is no agreement
1.CP are capitalist partners while IP is industrial partner, who in addition to his services also contributed capital to the partnership. There is no agreement as to the profits and losses. The partnership realized profit in the amount of P21,000.00. The partnership suffered loss in the same amount of P21,000.00, the share of the capitalist partners in the loss shallbe:
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
