The major distinguishing element between the final accoun...
The major distinguishing element between the final account of a partnership and that of a sole trader is the
Drawing account
Capital account
Creditor account
Appropriation account
Correct answer is B
The Major Difference Of The Financial Statement between a Sole Proprietorship And Partnership is More than one capital account. The number of capital accounts depends on the number of partners in the Partnership concern. Profit & loss is distributed to the partners' capital account according to the agreed ratio
The source document used to make entries in the purchase day book is ...
Repairs to air conditioners was debited to office equipment account. This is an error of ...
The assets of business can be classified broadly into ...
The document which contains the internal regulations of a limited liability company is the ...
The bank charges levied on a current account holder is the charge on? ...
Transfers from the head office to branches are best carried out at? ...
In a control account, discount received is found on the ...
The price paid by an acquiring company is ...
Which of the following is recorded on the debit side of the Trial Balance? ...