Getting comprehensive power over your files at any moment is essential to ease your everyday tasks and boost your productivity. Accomplish any objective with DocHub tools for papers management and convenient PDF editing. Gain access, adjust and save and integrate your workflows along with other protected cloud storage services.
DocHub gives you lossless editing, the chance to use any format, and safely eSign papers without the need of searching for a third-party eSignature option. Obtain the most of the file management solutions in one place. Try out all DocHub functions right now with the free 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
