基础会计英文版课件第二版郭桂杭 ISBN9787566307125 PPTChapter10 Accounts for Partnership and Distribution of Net Income.ppt

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1、Chapter10AccountsforPartnershipandDistributionofNetIncomeAccountsforPartnershipPartnership:aconvenient,inexpensivemeansofcombiningthecapitalandthespecialabilitiesoftwoortwopartners.Jointventure:thesharingofanoperation’scost,risk,andmanagementwithapartnerprpartnersfromoverseas.PartnershipAccounting

2、OpeningtheaccountsofaNewPartnershipCash700000AccountsReceivable100000Inventory90000OtherAssets260000AccountsPayable430000Guangli,Capital720000TorecordtheinvestmentbyGuangliServicesinthepartnershipofGuangyiCompanyThejournalentriestoopentheaccountsofthepartnership(Gunagli’s):PartnershipAccountingCas

3、h100000AccountsReceivable50000Inventory700000OtherAssets300000AccountsPayable200000Guangli,Capital950000TorecordtheinvestmentbyGuanghaiEnterpriseinthepartnershipofGuangyiCompanyOpeningtheaccountsofaNewPartnershipThejournalentriestoopentheaccountsofthepartnership(Gunaghai’s):PartnershipAccountingAd

4、ditionalInvestmentsCash330000Gunagli,Captial280000Guanghai,Capital950000TorecordadditionalinvestmentAfterthreemonthsofoperation,thefirmwasinneedofcashforfutureoperation.Thetwopartnersofthefirmdecidedtoincreasetheirrespectiveinvestmentsto1000000yuan.PartnershipAccountingDrawingAccountsCashorotheras

5、setswithdrawnbyapartnerPaymentsfrompartnershipfundsofthepersonaldebtsofapartnerPartnershipcashcollectedinbehalfofthefirmbyapartnerbutretainedbythepartnerpersonallyPartnershipAccountingClosingtheAccountsofaPartnershipatYear-endIncomeSummary600000Gunagli,Captial300000Guanghai,Capital300000Toclosethe

6、incomesummaryaccounttothepartners’capitalaccountBytheendofthefirstyearoperation,GuangyiCompanyhadearnedanetincomeof600000yuan,whichwasdividedequallybythetwopartners:PartnershipAccountingClosingtheAccountsofaPartnershipatYear-endGunagli,Captial180000Guanghai,Capital200000Guangli,Drawing180000Guangh

7、ai,Drawing200000Totransferdebitbalancesinpartners’drawingaccountstotheirrespectivecapitalaccountsWithdrawalsduringtheyearamountedto180000yuanforGuangliand200000yuanforGuanghai.Theentrytoclosethedrawingaccounts:Pa