Ahmad and Robert are partners sharing profits and losses equally; their capital investments were $170,000 and $150,000 respectively. Sonia, a new partner, comes in for 1/4 share and brings capital of $100,000. In this case, which of the following statements is correct? Group of answer choices Only Sonia will get bonus. Both old partners will get bonus. Only Robert will get bonus. Only Ahmad will get bonus.
Partnership Accounting
A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings, admission of a new partner, etc.
Partner Admission and Withdrawal
A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings of a partner, etc.
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