Beth, Luz and Ana divide profit and loss in the ratio of 2:1:1, respectively, after giving monthly

salary of
P10,000 to each partner, 10% interest to each partner based on their initial contributions, and 20%
bonus to Beth. The initial contributions of Beth, Luz and Ana are 200,000, 100,000 and 100,000, respective

Requirement: Determine the share of each partner in profit/loss and record the distribution on the following
a. Net income earned was P480,000 and bonus is based on the net income before salary, interest and bon
b. Net income earned was P480,000 and bonus is based on the net income after salary, interest and bonu
c. Net loss for the year was P480,000 and bonus is based on the net income before salary, interest and bo

480,000
2 1 1
Beth Luz Ana total

salary 120,000 120000 12000 360,000

interest 60,000 30,000 30,000 120,000
bonus 96,000 0 0 96,000
Remaining profit 288,000 144,000 144,000 576,000
Share in net profit 564,000 294000 294,000 1,152,000
Beg Capital 200,000 100,000 100,000 400,000
Ending Capital 764,000 394000 394,000 1,552,000

NIBSIB
x = NI x 20%
x = 480,000 x 20%
Bonus 96,000

beth luz ana total

Salary 120,000 120,000 120000 360,000
Interest 60,000 30,000 30,000 120,000
Bonus 0 0 0 0
Remaining Profit (NI-SIB) 180,000 150000 150000 480,000
Share in net profit 180,000 150000 150000 480,000
Beg Capital 200,000 100,000 100,000 400,000
Ending Capital 380,000 250000 250000 880,000

NIASIB
x = 20% (NI-SIB)
x = 20% (480,000-360,000- 120,000)
x = 20% (0)
 Beth Luz Ana total
Salary 120,000 120,000 120000 360,000
Interest 60,000 30,000 30,000 120,000
Bonus 0 0 0 0
Remaining Profit (NI-SIB) -180,000 -150,000 -150,000 -480,000
Share in net profit -180,000 -150,000 -150,000 -480,000
Beg Capital 200,000 100,000 100,000 400,000
Ending Capital 20,000 -50,000 -50,000 -80,000

NIBSIB
x = NI x 20%
x = 480,000 x 20%
Bonus -96,000
 ng monthly salary of
utions, and 20%
0 and 100,000, respectively.  

tribution on the following  independent situations:

e salary, interest and bonus
salary, interest and bonus
re salary, interest and bonus

a. Net income earned was P480,000 and bonus is based on the net income before salary, interes

b. Net income earned was P480,000 and bonus is based on the net income after salary, interest a
. Net loss for the year was P480,000 and bonus is based on the net income before salary, interest and bonus
ome before salary, interest and bonus

ome after salary, interest and bonus

ary, interest and bonus