The challenge to handle Assignment of Partnership Interest can consume your time and effort and overwhelm you. But no more - DocHub is here to take the effort out of editing and completing your documents. You can forget about spending hours editing, signing, and organizing paperwork and worrying about data protection. Our platform provides industry-leading data protection measures, so you don’t need to think twice about trusting us with your privat data.
DocHub works with different data file formats and is accessible across multiple platforms.
[Music] hello in this lecture were going to talk about partnerships and were going to talk about the selling of a partnership interest we will be able to describe the process of selling a partnership interest create the journal entry to record the sale of a partnership interest define the effect of journal entry to sell a partnership interest on the trial balance accounts and explain the effect on the capital counts of selling a partnership interest so were going to do this by looking at a problem were going to look through the problem post the transaction see what happens to the capital counts in terms of both a trial balance as well as a format of just a worksheet type of format this is going to be our simplified accounts that we will be looking at only cash that were going to i mean only asset that we will have will be cash only liability accounts payable and then we will have our capital accounts this is where we will be focusing on and then we have the income statement down h
