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I do not know how to explain "Bonus method" for accounting in a memo.

I do not know how to explain "Bonus method" for accounting in a memo.



When the partnership was admitting Tom, the existing partners John and Jane did not understand the accounting method used to admit a new partner. explain in a brief memo to John and Jane the bonus method for accounting for the admission of Tom to the partnership. 


           To: John and Jane

           From: CPA Candidate

           Re: Admission of new partner 

Top Answer

The bonus method is basically intangible assets that a new partner brings into a partnership. Therefore, lets say a partners... View the full answer

1 comment
  • All the best in your studies.
    • DrKakilo
    • May 04, 2018 at 9:54am

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