Compromising is the conflict-handling style in which both parties give up something to gain something.
<h3>What is the meaning of compromising?</h3>
compromise with someone is when you reach an agreement with them and you later give up on something that you originally wanted.
Therefore, Compromising is the conflict-handling style in which both parties give up on something.
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From what I researched $109.99 not sure if that's sure tho
Agreed! This is so true tho!
Answer:
<u>debited</u>
Explanation:
Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.
When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.
As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:
Wilma's Capital A/C Dr. $45000
To Cash A/C $45000
For the remaining balance, Wilma shall be paid in cash as follows,
Wilma's Capital A/C Dr. $5000
To Cash A/c $5000
(Being settlement of a retiring partner's capital account being recorded)