MARA, CLARA, SARA and FE are partners in BLINK PARTNERSHIP . The following are their contributions to the partnership : MARA - P100.000.00 CLARA - 200.000.00 SARA - 200,000.00 FE - Industrial Partner They agreed to share the profits and losses equally . The partnership suffers a loss ot P60.000 How will the partners share in the losses ?
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.
MARA, CLARA, SARA and FE are partners in BLINK PARTNERSHIP . The following are their contributions to the partnership : MARA - P100.000.00 CLARA - 200.000.00 SARA - 200,000.00 FE - Industrial Partner They agreed to share the
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