Which of the following relates to the essence of partners...
Which of the following relates to the essence of partnership? To
Run a charity organization
Pursue a social objective
Form a business for profit
Run a religious objective
Correct answer is C
The purpose of partnership agreement (or partnership contract) is to establish a business enterprise through a legally binding contract between two or more individuals or other legal entities for profitability
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \text{...
Purchases in accounting refers to goods bought for ...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
Given: Opening capital - #1,500 Capital introduced - # 500 Profit for the year - # 800 Cash draw...
Which of the following is not a characteristic of trial balance? ...
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year h...
Which of the following affects the accuracy and authenticity of the trial balance? ...