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Financial Capital and P/L Analysis

This document contains information about the capital contributions, asset revaluations, profit/loss ratios, and distributions for several partners in different partnerships. It shows the capital balances and distributions for partners Rob and Bob after settling up their partnership. It also shows details of admitting a new partner, Ailyn, to the partnership of Jay and Sheryl, including revaluing assets and transferring capital based on their profit/loss ratios.

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Elle
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187 views4 pages

Financial Capital and P/L Analysis

This document contains information about the capital contributions, asset revaluations, profit/loss ratios, and distributions for several partners in different partnerships. It shows the capital balances and distributions for partners Rob and Bob after settling up their partnership. It also shows details of admitting a new partner, Ailyn, to the partnership of Jay and Sheryl, including revaluing assets and transferring capital based on their profit/loss ratios.

Uploaded by

Elle
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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17.

) d
CC AC
Siony 200,000.00 214,062.50
Tony 100,000.00 104,687.50
Romy 125,000.00 106,250.00
Total 425,000.00 425,000.00

18.) d
Old P/L
Barbie 0.50 80%*50%
Kim 0.30 80%*30%
Kathryn 0.20 80%*20%
Marian

19.) e
Unadjusted net income 25,000.00
Accrued expenses 1,200.00
Inventory - 3,100.00
Purchases - 2,000.00
Unearned income - 1,500.00
Supplies 900.00
Adjusted net income 20,500.00
Multiply: Barbie P/L 0.40
Barbie, share in profit 8,200.00

14.) d
Rob Bob
Capital 84,000.00 78,000.00
Loan from 18,000.00
Asset revaluation (72,000) 21,600.00 14,400.00
Total 123,600.00 92,400.00

Settlement 150,000.00
Rob, adjusted capital - 123,600.00
Bonus 26,400.00

Bob, Capital 92,400.00


Share in bonus (26.4K*2/7) - 7,542.86
Bon, capital after Rob 84,857.14

1.) b
Amount paid 150,000.00
Divide: Interest purchased 1/3
Agreed capital 450,000.00
Less: Contributed capital 360,000.00
Asset revaluation 90,000.00
Jay Sheryl
Capital balance before revaluation 180,000.00 180,000.00
Add: Share in revaluation 54,000.00 36,000.00
Capital balance after revaluation 234,000.00 216,000.00
Multiply: Interest purchased 1/3 1/3
Capital transferred to Ailyn 78,000.00 72,000.00

Capital balance after revaluation 234,000.00 216,000.00


Less: Capital balance transferred 78,000.00 72,000.00
Capital after admission 156,000.00 144,000.00

15.)

P/L Capital
Alveo 1/2 139,000.00
Bueno 1/3 208,800.00
Creno 1/6 96,000.00
Deo

Old P/L New P/L


Alveo 1/2 0.50
Bueno 1/3 0.23
Creno 1/6 0.12
Deo 0.20

Bueno Creno
Old P/L 0.33 0.17
Multiply
New P/L 0.20 0.10
Multiply: Capital 88,760.00 44,380.00
Bonus
14,062.50
4,687.50
- 18,750.00

New P/L
0.40
0.24
0.16
0.20

Lob Total
16,000.00

36,000.00
52,000.00
Total
360,000.00
90,000.00
450,000.00

150,000.00

P/L Capital P/L Capital

- 1/5
- 1/5
1/5

Deo

0.20
88,760.00

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