pasia invested 300k for a 15% interest in the partnership that has total capital of 2.5m after his admission which of the following is correct: bonus old partner 300 bonus to new partner 75k bonus to old partner 75k new partner recieved 50k 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.
pasia invested 300k for a 15% interest in the partnership that has total capital of 2.5m after his admission which of the following is correct:
bonus old partner 300
bonus to new partner 75k
bonus to old partner 75k
new partner recieved 50k bonus
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