Abstract
In Chapter 16 we looked at examples where the partnership had commenced as a new business. We shall now examine the situation where a partnership is formed by the amalgamation of two existing businesses. In a simple case where the partners bring in cash or assets the entries are the same as those illustrated in worked example 16.3 in Chapter 16 — that is,
Dr. Asset account
Cr. Partner’s capital account
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1987 P. Stevens
About this chapter
Cite this chapter
Stevens, P. (1987). Partnership Accounts: 2. In: Work Out Accounting GCSE. Macmillan Work Out Series. Palgrave, London. https://doi.org/10.1007/978-1-349-09460-8_18
Download citation
DOI: https://doi.org/10.1007/978-1-349-09460-8_18
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-44012-4
Online ISBN: 978-1-349-09460-8
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)