Shortie2
Aug 22, 2010, 02:31 PM
After knowing your allocated ratio of 50%
How do I get the total share of a partner who's beginning balance is 50.000
morgaine300
Aug 23, 2010, 02:32 AM
Please do not keep posting the same question over and over as it just causes confusion. I've deleted your duplicate posts.
If the allocation of income/loss is 50%, then 50% of the income/loss goes to the partner's account. This is not based on their beginning balance and has nothing to do with it. The balance of the account will obviously increase with a share of income, but it's not what determines the share to begin with.