3.3PartnershipAgreementKey

3.3PartnershipAgreementKey - /13 2. Drawings Journal Entry...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting BAT-4M Partnership Agreement Marking Key Name(s): Part A: For each section of the agreement you will be marked as follow: Not done = 0 Complete, but confusing or leaves room for future problems = 1 Complete, concise = 2 1. Basics (those involved, where they live…mission of partnership) /2 2. Responsibilities, Performance and Compensation /2 3. Contributions /2 4. Partnership Decision Making /2 5. Withdrawal, Admission of a Partner /2 6. Buy-out Procedures /2 7. Dispute Resolution /2 8. Financial Arrangements /2 9. Methods for Dissolution /2 10. Valuation /2 Consideration of Partner’s Role (in above sections) /2 Total: /22 Part B: 1. Statement of Distribution of Income 2001
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: /13 2. Drawings Journal Entry /2 3. Adjusted Trial Balance Format /3 Cash /1 Drawings /1 4. Closing Journal Entries /8 5. Post Closing Trial Balance Format /2 Capital /1 6. Balance Sheet Format /3 Partnership Section Add: Net Income /2 Drawings /2 Increase/Decrease in Capital /2 Capital /2 Total: /42 Part C: 1. Statement of Distribution of Income 2002 /13 2. Statement of Distribution of Income 2003 /13 3. Statement of Distribution of Income 2004 /13 4. Total Capital Value for each partner at the end of 2004 (show work) /2 Total: ` /41 Final: /105...
View Full Document

Ask a homework question - tutors are online