Brenda is admitted to a partnership with a 25% capital interest by a cash investment of P90,000. If total capital of the partnership is P390,000 before admitting Brenda, the bonus to Brenda would be P. P 30,000 OP 20,000 O P 7,500 P 10,000
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.
![Brenda is admitted to a partnership with a 25% capital interest by a cash
investment of
P90,000. If total capital of the partnership is P390,000 before admitting
Brenda, the bonus to
Brenda would be P
P 30,000
OP 20,000
O P 7,500
P 10,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F750e216b-aea6-4491-8ff2-1a52738f980d%2Fed1ef4d6-326c-46c9-b56a-f044b29b35e9%2Fkjmaqq2_processed.png&w=3840&q=75)
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