Partnership Accounts
Partnership Accounts
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In our eReader you can find the full English version of the book. Read Partnership Accounts Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Partnership Accounts
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, who share equally, would be as follows, assuming it not to be possible to arrive at a satisfactory realisation PARTNERSHIP ACCOUNTS. 107 or at a valuation muiually acceptable as benveen the partners, viz. : - A. To be debited with one-half of the loss on realisa- tion to date, ,400, and to take one-half of the shares, leaving him a creditor (on book figures) for /, *2, 6oo to be paid to him in cash.
B. To be similarly charged in respect of the loss and shares, leaving him a debtor (on book fi...gures) for /, *2oo.
H. \\ould consequently pav, 6200 to A. , who would also take the cash balance, x /, 2, _|. (;o.
l>y giving to A. And M. Holdings in shares propor- tionate to their interest in profits and losses, it becomes immaterial whether profit or loss results from their realisation, for each partner is interesu-d in one-half of the firm's original holding.
This method may not always be satisfactorv. The proportions of profits mav not be the same as those of losses; it may be quite uncertain whether profit or loss will result; no acceptable valuation or realisation may be possible.
What to read after Partnership Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Sidney Stanley Dawson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, who share equally, would be as follows, assuming it not to be possible to arrive at a satisfactory realisation PARTNERSHIP ACCOUNTS. 107 or at a valuation muiually acceptable as benveen the partners, viz. : - A. To be debited with one-half of the loss on realisa- tion to date, ,400, and to take one-half of the shares, leaving him a creditor (on book figures) for /, *2, 6oo to be paid to him in cash.
B. To be similarly charged in respect of the loss and shares, leaving him a debtor (on book fi...gures) for /, *2oo.
H. \\ould consequently pav, 6200 to A. , who would also take the cash balance, x /, 2, _|. (;o.
l>y giving to A. And M. Holdings in shares propor- tionate to their interest in profits and losses, it becomes immaterial whether profit or loss results from their realisation, for each partner is interesu-d in one-half of the firm's original holding.
This method may not always be satisfactorv. The proportions of profits mav not be the same as those of losses; it may be quite uncertain whether profit or loss will result; no acceptable valuation or realisation may be possible.
What to read after Partnership Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Sidney Stanley Dawson to read onlineMoreLess
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