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The coming together of two sole trading businesses to form a partnership is
The permanent memory of a computer is the
Which of the following is not required in preparing a statement of affairs?
Where there is no partnership agreement, a partner who advances loan to the partnership is entitled to ____ Interest
The opening stock at the beginning of an accounting period represents
A method of stock valuation is
Which of the following is a characteristics of a limited liability company?
Who among the following developed the idea of double entry book-keeping?
Depriciation is?
A partner whose liability does not extend beyond the amount of capital contributed by him is known as
When discount is allowed, the accounting entry is debit discount allowed account and credit ____ account
Goodwill is taken into account in partnership business when
An equipment costing # 9,000 has an estimated residual value of #900, and is depreciated at 10% per annum. What is the depreciation charge for the three using diminishing balance method?
An equipment costing #9,000 has an estimated residual value of #900, and is depreciated at 10% per annum. Using the straight-line method, what is the depreciation charge for the second year?
When manufactured goods are transferred to the trading account at the market price, the difference is credited to the
Peripherals are used in computer to describe
A person who prepares, analyses and interprets financial statements is known as a/an
Ordinary shares are also known as
The reward given to debenture holder is
Which of the following is a subsidiary book as well as a ledger?