Hidd chain of grocery and fashion discount stores is a partnership business since along a time. They have three partners and the capital balances of partners as Salman BD 150,000: Rasheed BD 90,000 and Waleed BD 60,000. They are sharing net income or loss equally,
On 31 January Rasheed decided to leave the partnership due to some personal issues.
What is the journal entry of Rasheed retirement if getting BD 80,000 from the business for his equity?

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall