Startna and Gamena form a new partnership.  Startna invests P300,000 in cash for her 48 percent interest in the capital and profits of the business.  Gamena contributes land that has an original cost of P40,000 and a fair market value of P70,000, and a building that has a tax basis of P50,000 and the fair market value of P90,000.  The building is subject to a P40,000 mortgage that the partnership will assume.  What amount of cash should Gamena contribute?

Noy and Mar enter into a partnership agreement in which Noy is to have 60% interest in capital and profits.  Noy contributes the following:Cost Fair ValueLand P  500,000 ?Building 5,000,000 60% of costEquipment 1,000,000 75% of costThere is a P1,000,000 mortgage on the building which the partners agree to assume.  Mar contributes cash of P2,500,000 and the partners agreed that this should be his capital credit.  Land should be recorded in the amount of?

P and Q were partners in a firm sharing profits in 3:1 ratio. Their respective fixed capitals were10,00,000 and 6,00,000. The partnership deed provided interest on capital @ 12% p.a. Thepartnership deed further provided that interest on capital will be allowed fully even if it will resultinto a loss to the firm. The net profit of the firm for the year ended 31st March, 2018 was 1,50,000.Pass necessary Journal Entries in the books of the firm allowing interest on capital and divisionof profit/loss among the partners.

Using the data in Question 3 above to answer the question below. (Give the answer correct to 2 decimal places)If you were the casino offering this game, how much should you charge to play to make a profit of 50 cent per game?

Read the following hypothetical situation and answer question no. 9 and 10.Ana and Anne started a partnership business on 1st April, 2022. Their capital contributions wereRs. 3, 00,000 and Rs. 1, 00,000 respectively. Ana rented her property to carry on business forRs.2, 500 p.m. Interest on capitals @12% p.a. Ana, to get a salary of Rs. 4,000 p.m. Anne to geta commission of 2% of the net profit. Profits are to be shared in the ratio of 3:2. The profits forthe year ended 31st March, 2023 before providing for rent was Rs. 2, 00,000.Dr. Profit and Loss Appropriation Account Cr.for the year ended 31st March, 2023Particulars Rs. Particulars Rs.To Interest on capital:AnaAnneTo Partner’s Salary:AnaTo Anne’s commissionTo Profit transferred toAna’s Capital A/cAnne’s Capital A/c______________48,000_______(1)______________By Profit and Loss A/c _______(2)_______ _______9. The amount to be reflected in blank (1) will be:(a) Rs.3,720(b) Rs.3,400(c) Rs. 2,800(d) Rs.2,94010. The amount to be reflected in blank (2) will be:(a) Rs.1,62,000(b) Rs. 1,74,500(c) Rs. 1,71,400(d) Rs.1,70,000

Marie and Gina are event stylists and have decided to commence a partnership.Marie is contributing cash of $14,000 and a business loan of $6,000, while Gina is contributing equipment (cost of $8,000 and market value of $10,000) and accounts receivable of $3,000.What amount would be credited to Gina's capital account?(Enter numbers only without any symbols, e.g. 1234)