Liability of Partners – Partnership Law Explained Understanding when partners must surrender private profits to the firm and their liability in competing business activities. Partner Liability Flowchart Partner makes private profit without informing other partners Does NOT apply if partner informs and gets consent from all partners Two Possible Rules Apply: Rule 1: Competing Business […]
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Face Value vs Issue Price vs Market Price: Simple Guide for Students 2025 Home › Finance › Face Value vs Issue Price vs Market Price 💰 Understanding Share Prices Face Value, Issue Price & Market Price – Made Simple! 🤔 Ever Wondered About Different Share Prices? Let me tell you a story… Last week, my
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Called Up Capital: Complete Guide with Examples | Company Accounts 2025 Home › Accounting › Called Up Capital 📊 Called Up Capital: Complete Guide with Examples Understanding Company Accounts Made Easy for Students in 2025! 📑 Table of Contents 1. What is Called Up Capital? 2. Understanding with a Bicycle Example 3. Video Explanation 4.
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Issued Capital: Simple Guide with Examples | Company Accounts 2025 Home › Accounting › Issued Capital Issued Capital: Simple Guide Understanding Issued Capital in Company Accounts with Examples 📘 Share on Facebook 🐦 Share on Twitter 💼 Share on LinkedIn 📱 Share on WhatsApp What is Issued Capital? Issued Capital is the portion of Authorized
Authorized Capital: Complete Guide with Examples | Company Accounts 2025 Home › Accounting › Authorized Capital 📊 Authorized Capital Understanding Nominal Capital & Registered Capital in Company Accounts 📘 Facebook 🐦 Twitter 💼 Share © 2025 Edunol. All rights reserved. LinkedIn 📱 WhatsApp 💡 What is Authorized Capital? Authorized Capital is also known as Nominal
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How to Form a Company – Complete Guide 🏢 How to Form a Company A Complete Visual Guide for Students 1 PROMOTION 💡 Plan the Idea Promoters develop the business concept and vision for the new company 🏷️ Choose Name Select a unique and appropriate name for the company 📄 Prepare Documents Get all important
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Investment Fluctuation Reserve – Accounting Guide Investment Fluctuation Reserve Understanding Accounting Treatment on partnership reconstitution Comprehensive Guide for Accounting Students What is Investment Fluctuation Reserve? Investment Fluctuation Reserve (IFR) is a reserve, created to meet the losses, that may occur in the future, due to a fall in the value of investments. It acts as
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MCQ Quiz – Practice Questions MCQ Quiz Question 1 What does "Goodwill" primarily mean? The physical assets of a business. A good opinion about someone or something. The total sales revenue of a company. The amount of cash a business has. B Correct Answer: A good opinion about someone or something. Goodwill is defined as
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MCQ Quiz – Practice Questions Past Adjustments MCQ Question 1 What is the primary purpose of Past Adjustments in accounting? To record new transactions. To correct incorrect transactions previously recorded in the books of accounts. To forecast future profits. To prepare financial statements for the current period. B Correct Answer: To correct incorrect transactions previously
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Guarantee of Profits MCQ Quiz The below Guarantee of Profits MCQ is designed for conceptual clarity. Attempt the test and check your concepts now!!! MCQ Quiz – Practice Questions MCQ Quiz Question 1 In a partnership, who can give a guarantee of profits? Only the senior partner. One or more partners. Only the newly admitted
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