Getting complete control over your papers at any moment is crucial to relieve your everyday tasks and improve your efficiency. Accomplish any objective with DocHub features for document management and practical PDF file editing. Access, modify and save and incorporate your workflows along with other secure cloud storage services.
DocHub provides you with lossless editing, the opportunity to use any formatting, and safely eSign papers without the need of searching for a third-party eSignature alternative. Get the most of your document managing solutions in one place. Try out all DocHub functions today with the free of charge account.
hello and welcome in this lecture video were going to be talking about the accounting for part partners withdrawing from the partnership okay so lets talk about we have three different situations we have a no bonus example and then we have a bonus to remaining partners example and then on the next page we have a bonus to the withdrawing partner okay so in the no bonus example basically what whats happening is that the partner is going to take out cash equal to his or her balance in capital okay so lets say that the partners have the following cash balances Perez 38,000 Kayla 84 and reseed 38 the partners share income and loss equally Perez gets $38,000 cash well thats equal to his balance and capital okay so what were gonna do is were going to decrease prezs capital balance and then also decrease cash okay because and how do we decrease cash right were paying out cash we credit cash how do we decrease capital capitals equity and the way to decrease equity is with the debit s