30 - 2019 profit of Alper Sinan and Partners Collective is 100,000 TL. The company was established with a capital of 200.000 TL. The capital shares of the partners of the company are as follows: Joint Capital Share Alper Sinan 50,000 Turker Sinan 70.000 Ilker Sinan 80.000 According to the notarized contract of the company, the profit distribution will be made in proportion to the capital shares of the partners. What should be the amount that Alper Sinan should receive from the profit? A) None B) 40,000 C) 55,000 D) 35,000 E) 22,250
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.
30 -
2019 profit of Alper Sinan and Partners Collective is 100,000 TL. The company was established with a capital of 200.000 TL. The capital shares of the partners of the company are as follows:
Joint Capital Share
Alper Sinan 50,000
Turker Sinan 70.000
Ilker Sinan 80.000
According to the notarized contract of the company, the profit distribution will be made in proportion to the capital shares of the partners.
What should be the amount that Alper Sinan should receive from the profit?
A) None
B) 40,000
C) 55,000
D) 35,000
E) 22,250
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