Calculate the total partnership capital based on the profit sharing at the Andara firm
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.
Profit sharing to the Andara firm which got a loss of Rp. 15,820,800, - which is a must
borne by Sani, Rina and Tika as allies involved. Profit formation and sharing
in accordance with the agreement are as follows;
1. Tika's share is 20% of
2. Sani and Rina get interest for the initial capital of IDR 2,500,000
3. Sani gets a salary of IDR 100,000 / month and Rina IDR 150,000 / month
4. The remainder is divided equally among Sani and Rina.
Calculate the total
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