Show the solution in good accounting form : A and B formed a joint operation. The following were the transactions during the year: A Total
Show the solution in good accounting form : A and B formed a joint operation. The following were the transactions during the year:
A
Total purchases
400
320
Total sales
480
240
Expenses paid
800
Other income
40
The joint operation was completed at the end of the year. Each joint operator is entitled to a 10%
commission on its purchases and a 20% commission on its sales. Any remaining profit or loss is
divided equally. On the cash settlement, how much should A received from B?
How it Works
1
It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.
2
Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.
3
After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.
4
Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!