P, after having been a sole trader for some years, entered into partnership with Q on 1 July 2002, sharing profits
equally. The business profit for the year ended 31 December 2002 was $340,000, accruing evenly over the year, apart from
a charge of $20,000 for a bad debt relating to trading before 1 July 2002 which it was agreed that P should bear
entirely. How is the profit for the year to be divided between P and Q?
P Q
$000 $000
A 245 95
B 250 90
C 270 90
D 255 85
B
A P (340,000 – 20,000)/2 + 170,000/2
Q 95,000
B P 180,000 + 90,000 – 20,000 (Correct)
Q 90,000
C P 180,000 + 90,000
Q 90,000
D P 170,000 + 85,000
Q 85,000
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发表于 2008-5-23 10:36
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