Partnership Operation

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School of Accountancy and Business
Asia Pacific College
Lecture Objectives:
1. Identify the accounting cycle of a
partnership
2. Rules for dividing profits and losses
3. Accounting for division of profits and
losses

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Accounting Cycle, Partnership
The Accounting Cycle for
Partnerships is not significantly
different from that of a Sole
Proprietorship

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School of Accountancy and Business
Asia Pacific College
Transaction: SALE
GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx CASH or ACCTS REC’BLE   xxx  
    SALES     xxx
           
           

GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx COST OF GOODS SOLD   xxx  
    MDSE INVENTORY     xxx
           
           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Transaction: PURCHASE
GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx PURCHASES   xxx  
    CASH or ACCTS PAYBLE     xxx
           
           

GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx MDSE INVENTORY   xxx  
    CASH or ACCTS PAYBLE     xxx
           
           

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School of Accountancy and Business
Asia Pacific College
Transaction: CASH RECEIPT
GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx CASH IN BANK   xxx  
    ACCTS RECEIVALBE     xxx
           
           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Transaction: CASH DISBURSEMENT
GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx ACCOUNTS PAYABLE   xxx  
    CASH IN BANK     xxx
           
           

GENERAL JOURNAL
Date Particulars Ref Debit Credit
xx xx EXPENSES   xxx  
    CASH IN BANK     xxx
           
           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Adjustments
1. Deferrals
 Deferred Expense
 Deferred Revenue
2. Accruals
 Accrued Expense
 Accrued Revenue
3. Bad Debts
4. Depreciation

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Closing Entries
1. Close all nominal accounts to “Income & Expense
Summary” account (the balance of which is either a
net income or a net loss)
2. Close the balance of the “Income & Expense
Summary” to the Capital account
3. Close the balance of the Drawing account to the
Capital account

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Rules: Division of Profits & Losses
1. Capitalist
2. Industrial
3. Capitalist-Industrial

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Rules: Division of Profits & Losses –
CAPITALIST Partners
PROFITS
1. According to agreement
2. According to capital contribution if no
agreement
LOSSES
3. According to agreement
4. If agreement is only for profits, the same
will apply
5. According to capital contribution if no
agreement
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Rules: Division of Profits & Losses –
INDUSTRIAL Partners
PROFITS
1. According to agreement
2. JUST AND EQUITABLE SHARE if there is
no agreement

LOSSES
3. No share

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Partners may agree on the following
modes of dividing Profits & Losses
1. Equal distribution
2. Arbitrary Ratio (%, decimal,
fraction)
3. Capital Ratio (original, beginning,
ending, average)

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Partners may agree on the following
modes of dividing Profits & Losses
4. Interest on Capital and balance on
agreed ratio
5. Salary allowances and balance on
agreed ratio
6. Bonus to Managing Partner and
balance on agreed ratio
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Pro-forma entry to Record
Distribution of PROFIT to Partners
GENERAL JOURNAL
Date Particulars Ref Debit Credit

xx xx Income & Expense Summary   xxx  

    Partner A, Capital     xxx

    Partner Z, Capital     xxx

           

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School of Accountancy and Business
Asia Pacific College
Pro-forma entry to Record
Distribution of LOSS to Partners
GENERAL JOURNAL
Date Particulars Ref Debit Credit

xx xx Partner A, Capital   xxx  

    Partner Z, Capital    xxx

    Income & Expense Sum’ry     xxx

           

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School of Accountancy and Business
Asia Pacific College
EXAMPLE:
A General Professional Partnership was
formed on January 1, 2015 with the
following partners and contributions:

ABBA – P250,000
BAHKET – P150,000
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
EXAMPLE:
During the year, the partners made additional
investments and withdrawals recorded as follows:
ABBA made additional investments of P25,000 on
April 1, P50,000 on October 1, and withdrew
P10,000 on May 1
BAHKET made additional investment of P50,000 on
September 1 and withdrawals of P15,000 on June 1
and P5,000 on December 1.

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
In T-account form:
ABBA, CAPITAL
Date DEBIT Date CREDIT
1-May 10,000 1-Jan 250,000
1-Apr 25,000
1-Oct 50,000
 

BAHKET, CAPITAL
Date DEBIT Date CREDIT
1-Jun 15,000 1-Jan 150,000
1-Dec 5,000 1-Sep 50,000
 

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
EXAMPLE:
Assuming the partnership
earned a net income of
P60,000

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 1: Profit divided equally
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     30,000

    BAHKET, Capital     30,000

           

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School of Accountancy and Business
Asia Pacific College
CASE 2: Profit is divided in the ratio
of ¾ and ¼ to Abba and Bahket
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     45,000

    BAHKET, Capital     15,000

           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 3A: Profit is divided based on
Beginning Capital Ratio
Partner Beg Capital Ratio Share
ABBA 250,000 25/40 X 60,000 = 37,500
BAHKET 150,000 15/40 X 60,000 = 22,500

400,000 60,000

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 3A: Profit is divided based on
Beginning Capital Ratio
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     37,500

    BAHKET, Capital     22,500

           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 3B: Profit is divided based on
Ending Capital Ratio
Partner End Capital Ratio Share
ABBA 315,000 315/495 X 60,000 = 38,182
BAHKET 180,000 180/495 X 60,000 = 21,818

495,000 60,000

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 3B: Profit is divided based on
Ending Capital Ratio
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     38,182

    BAHKET, Capital     21,818

           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 3C: Profit is divided based on
Average Capital Ratio
AVERAGE CAPITAL OF ABBA
Period No. Of Capital Peso
From To Months Balance Months
1-Jan 31-Mar 3 X 250,000 750,000
1-Apr 30-Apr 1 X 275,000 275,000
1-May 30-Sep 5 X 265,000 1,325,000
1-Oct 31-Dec 3 X 315,000 945,000
12 3,295,000
274,583

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School of Accountancy and Business
Asia Pacific College
CASE 3C: Profit is divided based on
Average Capital Ratio
AVERAGE CAPITAL OF BAHKET
Period No. Of Capital Peso
From To Months Balance Months
1-Jan 31-May 5 X 150,000 750,000
1-Jun 31-Aug 3 X 135,000 405,000
1-Sep 30-Nov 3 X 185,000 555,000
1-Dec 31-Dec 1 X 180,000 180,000
12 1,890,000
157,500

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School of Accountancy and Business
Asia Pacific College
CASE 3C: Profit is divided based on
Average Capital Ratio
Partner Ave Capital Ratio Share
ABBA 274,583 274/432 X 60,000 = 38,129
BAHKET 157,500 157/432 X 60,000 = 21,871

432,083 60,000

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School of Accountancy and Business
Asia Pacific College
CASE 3C: Profit is divided based on
Average Capital Ratio
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     38,129

    BAHKET, Capital     21,871

           

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School of Accountancy and Business
Asia Pacific College
CASE 4: 10% Interest on Ending
Capital and balance on 60%-40%
ABBA BAHKET TOTAL

Interest on Capital 31,500 18,000 49,500

Remainder Income
P60,000 - P49,500 =
P10,500 x 60% 6,300 6,300
P10,500 x 40%   4,200 4,200

Share in Profit 37,800 22,200 60,000

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 4: 10% Interest on Ending
Capital and balance on 60%-40%
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     37,800

    BAHKET, Capital     22,200

           

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School of Accountancy and Business
Asia Pacific College
CASE 5: Salary of P50,000 to Bahket
and Remainder Income in 1:4 ratio
ABBA BAHKET TOTAL
Salary allowance 50,000 50,000
Remainder Income
P60,000 - P50,000 =
P10,000 x 1/5 2,000 2,000
P10,000 x 4/5   8,000 8,000
Share in Profit 2,000 58,000 60,000

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School of Accountancy and Business
Asia Pacific College
CASE 5: Salary of P50,000 to Bahket
and Remainder Income in 1:4 ratio
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     2,000

    BAHKET, Capital     58,000

           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 6A: 20% Bonus (before bonus)
to ABBA, remainder divided equally
Let :
B = Bonus
NIBB = Net Income Before Bonus
NIAB = Net Income After Bonus

B = 20% of NIBB
B = 20% (P60,000)
B = P12,000

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School of Accountancy and Business
Asia Pacific College
CASE 6A: 20% Bonus (before bonus)
to ABBA, remainder divided equally
ABBA BAHKET TOTAL
Bonus 12,000 12,000
Remainder Income
P60,000 - P12,000 =
P48,000 x 1/2 24,000 24,000 48,000

Share in Profit 36,000 24,000 60,000

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School of Accountancy and Business
Asia Pacific College
CASE 6A: 20% Bonus (before bonus)
to ABBA, remainder divided equally
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     36,000

    BAHKET, Capital     24,000

           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
CASE 6B: 25% Bonus (after bonus) to
ABBA, remainder divided in 1:2 ratio

Let :
B = Bonus
NIBB = Net Income Before Bonus
NIAB = Net Income After Bonus

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School of Accountancy and Business
Asia Pacific College
CASE 6B: 25% Bonus (after bonus) to
ABBA, remainder divided in 1:2 ratio
B = 25% of NIAB
B = 25% (NIBB - B)
B = 25% (P60,000 - B)
B = P15,000 - 0.25B
B + 0.25B = P15,000
B = P12,000

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School of Accountancy and Business
Asia Pacific College
CASE 6B: 25% Bonus (after bonus) to
ABBA, remainder divided in 1:2 ratio
ABBA BAHKET TOTAL
Bonus 12,000 12,000
Remainder Income
P60,000 - P12,000 =
P48,000 x 1/3 16,000 16,000
P48,000 x 2/3   32,000 32,000

Share in Profit 28,000 32,000 60,000

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School of Accountancy and Business
Asia Pacific College
CASE 7: 5% Interest on beginning
capital; P5,000 salary each;
remainder equally
ABBA BAHKET TOTAL
Interest on Capital 12,500 7,500 20,000
Salary Allowance 5,000 5,000 10,000
Remainder Income
P60,000 - P30,000 =
P30,000 x 1/2 15,000 15,000 30,000

Share in Profit 32,500 27,500 60,000

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School of Accountancy and Business
Asia Pacific College
CASE 7: 5% Interest on beginning
capital; P5,000 salary each;
remainder equally
GENERAL JOURNAL
Date Particulars Ref Debit Credit

12 31 Income & Expense Summary   60,000  

    ABBA, Capital     32,500

    BAHKET, Capital     27,500

           

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
 End of Lecture

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Quick Review 1:
A ratio of 3:2:1 is the same as

A. 3/10; 2/10; 1/10

B. 30%: 20%: 10%
C. 1/2: 1/3: 1/6
D. Both A and C

3+2+1=6
3/6 : 2/6 : 1/6
1/2 : 1/3 : 1/6
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School of Accountancy and Business
Asia Pacific College
Quick Review 2:
Partners Abel and Cain have capital balances in a partnership of
P40,000 and P60,000, respectively. They agree to share profits
and losses as follows:
Abel Cain
As salaries P10,000 P12,000
Interest  10% 10%
Remaining profits 50% 50%
If income for the year was P50,000, how much was distributed to
Cain?
A. P23,000
B. P10,000
C. P27,000
D. P20,000
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School of Accountancy and Business
Asia Pacific College
Quick Review 2: Solution
Abel Cain TOTAL
Salary Allowance 10,000 12,000 22,000
Interest on Capital 4,000 6,000 10,000
Remainder Income
P50,000 – P32,000 =
P18,000 x 1/2 9,000 9,000 18,000

Share in Profit 23,000 27,000 50,000

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School of Accountancy and Business
Asia Pacific College
Quick Review 3:
The Smith and Jones partnership agreement stipulates that
profits and losses will be shared equally after salary allowances
of P160,000 for Smith and P80,000 for Jones. At the beginning of
the year, Smith's Capital account had a balance of P320,000,
while Jones' Capital account had a balance of P280,000. Net
income for the year was P200,000. The balance of Jones' Capital
account at the end of the year after closing is
A. P80,000
B. P340,000
C. P380,000
D. P360,000

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School of Accountancy and Business
Asia Pacific College
Quick Review 3: Solution
Smith Jones TOTAL
Salary Allowance 160,000 80,000 240,000
Remainder Income
P200 – P240 =
(P40,000) x 1/2 (20,000) (20,000) (40,000)

Share in Profit 140,000 60,000 200,000

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School of Accountancy and Business
Asia Pacific College
Quick Review 3: Solution
JONES, Capital
280,000
60,000
 340,000

Share in Net
Income Ending
Balance
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Quick Review 4:
The net income of the Torrey and Gore partnership is P250,000.
The partnership agreement specifies that profits and losses will
be shared equally after salary allowances of P200,000 (Torrey)
and P150,000 (Gore) have been allocated. At the beginning of the
year, Torrey's Capital account had a balance of P500,000 and
Gore's Capital account had a balance of P650,000. What is the
balance of Gore's Capital account at the end of the year after
profits and losses have been distributed?
A. P750,000
B. P650,000
C. P775,000
D. P100,000
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Quick Review 4: Solution
Torrey Gore TOTAL
Salary Allowance 200,000 150,000 350,000
Remainder Income
P250 – P350 =
(P100,000) x 1/2 (50,000) (50,000) (100,000)

Share in Profit 150,000 100,000 250,000

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School of Accountancy and Business
Asia Pacific College
Quick Review 4: Solution
GORE, Capital
650,000
100,000
 750,000

Share in Net
Income Ending
Balance
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Quick Review 5:
X and Y have original investments of P50,000 and P100,000
respectively in a partnership. The articles of partnership
include the following provisions regarding the division of
net income: interest on original investment at 10%, salary
allowances of P27,000 and P18,000 respectively, and the
remainder equally. How much of the net income of P90,000
is allocated to X?
A. P47,000
B. P60,000
C. P43,000
D. P45,000
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Quick Review 5: Solution
X Y TOTAL
Salary Allowance 27,000 18,000 45,000
Interest on Capital 5,000 10,000 15,000
Remainder Income
P90 – P60 =
(P30,000) x 1/2 15,000 15,000 30,000

Share in Profit 47,000 43,000 90,000

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School of Accountancy and Business
Asia Pacific College
Exercise 1:
Given the following T-accounts:
AYE, CAPITAL
Date DEBIT Date CREDIT
28-Feb 5,000 1-Jan 50,000
30-Nov 25,000 1-Jun 55,000
30-Sept 50,000
 
BEE, CAPITAL
Date DEBIT Date CREDIT
1-Jun 30,000 1-Jan 75,000
1-Sept 10,000 31-Mar 25,000
30-Jun 50,000
 1-Dec 15,000
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College
Exercise 1:
REQUIREMENTS:
1. Determine the average capital of each partner
2. Determine the share of each partner if partnership
income at the end of the period amounted to P50,000,
and partnership agreement provides that income is to
be allocated based on:
A. Average Capital ratio
B. Ending Capital ratio
C. Beginning Capital ratio

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School of Accountancy and Business
Asia Pacific College
Exercise 1: Solution
REQUIREMENT 1:
Average Capital of AYE
Period No. of Capital Peso
From To Months Balance Months
1/1/2010 2/27/2010 2 X 50,000 = 100,000
2/28/2010 5/31/2010 3 X 45,000 = 135,000
6/1/2010 9/29/2010 4 X 100,000 = 400,000
9/30/2010 11/29/2010 2 X 150,000 = 300,000
11/30/2010 12/31/2010 1 X 125,000 = 125,000
12 1,060,000
88,333

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School of Accountancy and Business
Asia Pacific College
Exercise 1: Solution
REQUIREMENT 1:
Average Capital of BEE
Period No. of Capital Peso
From To Months Balance Months
1/1/2010 3/30/2010 3 X 75,000 = 225,000
3/31/2010 5/31/2010 2 X 100,000 = 200,000
6/1/2010 6/29/2010 1 X 70,000 = 70,000
6/30/2010 8/31/2010 2 X 120,000 = 240,000
9/1/2010 11/30/2010 3 X 110,000 = 330,000
12/1/2010 12/31/2010 1 X 125,000 = 125,000
12 1,190,000
99,167

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School of Accountancy and Business
Asia Pacific College
Exercise 1: Solution
REQUIREMENT 2A:
Ave Cap Ratio Share
AYE 88,333 23,555
BEE 99,167 26,445
187,500 50,000

REQUIREMENT 2B:
End Cap Ratio Share
AYE 125,000 25,000
BEE 125,000 25,000
250,000 50,000

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School of Accountancy and Business
Asia Pacific College
Exercise 1: Solution
REQUIREMENT 2C:
Beg Cap Ratio Share
AYE 50,000 20,000
BEE 75,000 30,000
125,000 50,000

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School of Accountancy and Business
Asia Pacific College
Exercise 2:
Given the following information for the partnership of
IKAW & AKO

IKAW AKO
Capital Balance P400 P600
Profit & Loss:
Salaries P120 P180
Interest 10% 10%
Remainder 3/5 2/5

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School of Accountancy and Business
Asia Pacific College
Exercise 2:
REQUIREMENTS:
Determine the share of each partner under each of the
independent cases below:
A. Net Income for the period is P500
B. Net Income for the period is P300
C. Net Loss for the period is P100

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School of Accountancy and Business
Asia Pacific College
Exercise 2: Solution
REQUIREMENT A:
Ikaw Ako Total
Salaries 120 180 300
Interest 40 60 100
Remainder P100 60 40 100

220 280 500

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School of Accountancy and Business
Asia Pacific College
Exercise 2: Solution
REQUIREMENT B:
Ikaw Ako Total
Salaries 120 180 300
Interest 40 60 100
Remainder (P100) (60) (40) (100)

100 200 300

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School of Accountancy and Business
Asia Pacific College
Exercise 2: Solution
REQUIREMENT C:

Ikaw Ako Total

Salaries 120 180 300
Interest 40 60 100
Remainder (P500) (300) (200) (500)

(140) 40 (100)

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School of Accountancy and Business
Asia Pacific College
Exercise 3:
Given the following information for the partnership of SILA
& TAYO

SILA TAYO
Capital Balance P400 P600
Profit & Loss:
Bonus 10%
Salaries 100 200
Remainder 50% 50%

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School of Accountancy and Business
Asia Pacific College
Exercise 3:
REQUIREMENTS:
Determine the share of each partner under each of the
independent cases below:
1. Assuming the partnership is a GPP
A. NIBB is P550 (Bonus is computed after bonus)
B. NLBB is P100 (Bonus is computed before bonus)

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Exercise 3: Solution
REQUIREMENT 1A
B= 10% (NIAB)
= 10% (NIBB - B)
= 10% (550 - B)
= 55 - 0.10B
B = 50

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Exercise 3: Solution
REQUIREMENT 1A

Sila Tayo Total

Bonus 50 50
Salaries 100 200 300
Remainder 100 100 200

200 350 550

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
Exercise 3: Solution
REQUIREMENT 1B

Sila Tayo Total

Bonus - -
Salaries 100 200 300
Remainder (200) (200) (400)

(100) - (100)

PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA

School of Accountancy and Business
Asia Pacific College
PowerPoint Lecture Presentation: Prof. OSLER T. AQUINO, CPA, MBA
School of Accountancy and Business
Asia Pacific College