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Share of profit

  • 8 posts
  • # 74060

Hello,

My workplace has been taken over by a new company. It was a few days earlier than originally
planned as they decided it'd be neater to have the takeover at the beginning of the month.

Because of that my new boss made an agreement with my old boss where she would give her a
pecentage of the profit taken on those few extra days to make up for it. It has been worked out and
she will be paying that to my ex-boss in the next few days, but I can not think how to enter this into
the books.

Can anyone help me please? Would be much appreciated.

Many thanks

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