Question: Ioint I A , B , and C formed a joint operation. Each will share equally in profits and losses. A , the appointed manager,

Ioint I A, B, and C formed a joint operation. Each will share equally
in profits and losses. A, the appointed manager, had the
following account balances on completion date of the joint
operation:
A agreed to be charged for the cost of the unsold inventory. A's
share in the profit was P4. How much is the cost of the unsold
inventory?
a.7
c.12
b.9
d.17
 Ioint I A, B, and C formed a joint operation. Each

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!