基础会计(英文版)(第二版)Chapter10 Accounts for Partnership and Distribution of Net Income.ppt

Chapter 10 Accounts for Partnership and Distribution of Net Income Accounts for Partnership Partnership: a convenient, inexpensive means of combining the capital and the special abilities of two or two partners. Joint venture: the sharing of an operation’s cost, risk, and management with a partner pr partners from overseas. Partnership Accounting Opening the accounts of a New Partnership Partnership Accounting Opening the accounts of a New Partnership Partnership Accounting Additional Investments Partnership Accounting Drawing Accounts Partnership Accounting Closing the Accounts of a Partnership at Year-end Partnership Accounting Closing the Accounts of a Partnership at Year-end Partnership Accounting Financial Statements of a Partnership at Year-end Partnership Accounting Financial Statements of a Partnership at Year-end Distribution of Net Income of Partnership Methods of Dividing Partnership Net Income among the Partners Methods of Dividing Partnership Net Income among the Partners Methods of Dividing Partnership Net Income among the Partners Methods of Dividing Partnership Net Income among the Partners Methods of Dividing Partnership Net Income among the Partners Methods of Dividing Partnership Net Income among the Partners * * Cash 700 000 Accounts Receivable 100 000 Inventory 90 000 Other Assets 260 000 Accounts Payable 430 000 Guangli, Capital 720 000 To record the investment by Guangli Services in the partnership of Guangyi Company The jour