Question

For Numbers 5 to 8: BASILAN and BATAAN pooled their resources to form a partnership on April 1, 2025. BASILAN invested P200,000 while BATAAN invested P300,000. They agreed to share profits and losses as follows: • Partners to receive a monthly salary: BASILAN - P25,000 and BATAAN - P15,000. • Partners to receive interest based on ending capital: BASILAN - 5% and BATAAN 10%. • BATAAN, the managing partner, is to receive a bonus of 10% based on net income after salaries and interest. • The remaining profit is to be divided based on the initial capital. During the year, BASILAN and BATAAN withdrew cash for their personal use amounting to P5,000 and P10,000 respectively. The partnership had a net loss of P100,000 during the year. How much is the share of BASILAN in the net loss? How much is the share of BATAAN in the net loss? How much is the ending capital of BASILAN? How much is the ending capital of BATAAN?

          For Numbers 5 to 8:
BASILAN and BATAAN pooled their resources to form a partnership on April 1, 2025.
BASILAN invested P200,000 while BATAAN invested P300,000. They agreed to share
profits and losses as follows:
• Partners to receive a monthly salary: BASILAN - P25,000 and BATAAN - P15,000.
• Partners to receive interest based on ending capital: BASILAN - 5% and BATAAN
10%.
• BATAAN, the managing partner, is to receive a bonus of 10% based on net income
after salaries and interest.
• The remaining profit is to be divided based on the initial capital.
During the year, BASILAN and BATAAN withdrew cash for their personal use amounting to
P5,000 and P10,000 respectively. The partnership had a net loss of P100,000 during the
year.
How much is the share of BASILAN in the net loss?
How much is the share of BATAAN in the net loss?
How much is the ending capital of BASILAN?
How much is the ending capital of BATAAN?

for numbers 5 to 8 basilan and bataan pooled their resources to form a partnership on april 1 2025 basilan invested p200000 while bataan invested p300000 they agreed to share profits and los 32983

Added by Erin G.

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