May, Jun, and Julie are partners with profit and loss ratio of 2:2:1 and capital balances of P1,200,000, P1,000,000 and P600,000, respectively. Julie decided to withdraw from the partnership to focus on her coffeebusiness. She was paid P1,000,000 by the partnership for her capital interest. The difference in a… Show more… Show more Accounting Business Financial Accounting ACCOUNTING 101 Share QuestionEmailCopy link Comments (0)