Barbara and streisand are partners sharing profits and losses in the ratio of 55% and 45%.Barbara's capital investment is P18,000 and streisand's is P14,000.It is decided by the partners that the business should be terminated.The firm has liabilities of P28,800.Barbara has a loan of P3600 and streisand's has P 2400.Afterrealization,the cash on hand amounts to P30,000.Any deficient partner is insolvent.
