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Advanced Accounting RTP May 22 - Sale of partnership

Accountancy

How is amount of combined drawings arrived at? shouldnt it be Half of profits earning during the period =13500 /2 = 6750 ?

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Sivapriya Kamath

Sivapriya Kamath

CA Inter

★ 3K+

20-Sep-22 18:21

415

Answers (1)

They withdraw half the profits earned together And then share it equally

Deepa Kotapati

Deepa Kotapati

CA Inter

★ 3K+

20-Sep-22 20:06

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