Summary Accounting Partnership Operation

PARTNERSHIP OPERATION
ALLOCATION OF P/L
1. AGREEMENT FAIR SHARING ON PROFIT OR LOSS
BASED ON CAPITAL CONTRIBUTION
BASED ON TIME AND EFFORT EXERTED TO PARTNERSHIP

2. NO AGREEMENT?
PROFIT CAPITALISTS THE EXCESS WILL BE SHARED ACCORDING TO THEIR RESP. CAPIT
INDUSTRIAL "FIRST TO RECEIVE" HIS/HER SHARE IN PROFIT
JUST & EQUITABLE


LOSS CAPITALISTS ALLOCATED BASED ON CAPITAL CONTRIBUTION
INDUSTRIAL "NO SHARE"




ALLOCATION OF P/L
1. AGREEMENT A B C
RAORIGINAL 20% 20% 60% PERCENTAGE
PEBEGINNING 2 2 6 RATIO
ENDING 1 1 3 RATIO
AVERAGE
SAMANAGING PARTNERS
INCAPITALIST PARTNERS
BOMANAGING PARTNERS


ANGEL BEA COLLEEN TOTAL
SHARE IN NET INCOME-2021 600,000.00 400,000.00 1,000,000.00 2,000,000.00
SHARE IN NET LOSS-2022 (600,000.00) (100,000.00) (300,000.00) (1,000,000.00)
2021 BEGINNING CAPITAL 2,000,000.00 2,500,000.00 500,000.00 5,000,000.00
DRAWINGS 2021 (500,000.00) (300,000.00) (800,000.00)
DRAWINGS 2022 (200,000.00) (400,000.00) (600,000.00)
2022 ENDING CAPITAL 1,500,000.00 2,300,000.00 800,000.00 4,600,000.00

2021 BEGINNING CAPITAL 2,000,000.00 2,500,000.00 500,000.00 5,000,000.00
SHARE IN NET INCOME-2021 600,000.00 400,000.00 1,000,000.00 2,000,000.00
DRAWINGS 2021 (500,000.00) (300,000.00) (800,000.00)
2021 ENDING CAPITAL 2,100,000.00 2,600,000.00 1,500,000.00 6,200,000.00

2022 BEG CAPITAL 2,100,000.00 2,600,000.00 1,500,000.00 6,200,000.00
SHARE IN NET LOSS-2022 (600,000.00) (100,000.00) (300,000.00) (1,000,000.00)
DRAWINGS 2022 (200,000.00) (400,000.00) (600,000.00)