Partners Arenas, Dulay and Ravelo divide profits and losses in the ratio of 5:3;2. The decide to stop operations as of July 1, 2020 when their accounts with the partnership are as follows: Arenas Dulay Ravelo Capital Loans to Partners Loans from Partners P20,000 7,000 P15,000 P25,000 2,500 10,000 Inasmuch as the partnership assets have not yet been converted

Sep 8, 2023

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Partners Arenas, Dulay and Ravelo divide profits and losses in the ratio of 5:3;2. The decide to stop operations as of July 1, 2020 when their accounts with the partnership are as follows: Arenas Dulay Ravelo Capital Loans to Partners Loans from Partners P20,000 7,000 P15,000 P25,000 2,500 10,000 Inasmuch as the partnership assets have not yet been converted
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