Difference between revisions of "Bonus"
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| + | [[Bonus]] is when a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Bonus]]. When a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest. | ||
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| + | ==Related concepts== | ||
| + | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | ||
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| + | ==Related coursework== | ||
| + | *[[Partnership Accounting]]. | ||
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| + | [[Category: Accounting]][[Category: Articles]] | ||
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[[Bonus]] is a pay plan that rewards employees for recent performance rather than historical performance. | [[Bonus]] is a pay plan that rewards employees for recent performance rather than historical performance. | ||
Revision as of 20:02, 20 December 2018
Bonus is when a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest.
Contents
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Bonus. When a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
Related coursework
Bonus is a pay plan that rewards employees for recent performance rather than historical performance.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
- Bonus. A pay plan that rewards employees for recent performance rather than historical performance.
