Accounts

Charge against profits vs Appropriation of profits MCQ Test 1

MCQ Charge vs appropriation – Partnership accounts This is first quiz on the charge against profits vs appropriation of profits with 15 practice questions. Test your knowledge about the meaning of charge vs appropriation with this MCQ practice test. This quiz contains questions 1-15 covering what is charge in partnership accounts, how it is different […]

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Meaning of Partnership MCQ Test 2

MCQ Meaning of Partnership This is second quiz on the meaning of partnership with 15 practice questions. Test your knowledge about the meaning of partnership with this MCQ practice test. This quiz contains questions 1-15 covering meaning and features of partnership, the rights of partners, Partnership deed and its importance and provisions in the absence

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Meaning of Partnership MCQ Test 1

MCQ Meaning of Partnership Test your knowledge about the meaning of partnership with this MCQ practice test. This quiz contains questions 1-15 covering meaning and features of partnership, the rights of partners, Partnership deed and its importance and provisions in the absence of partnership deed and liabilities of partners in case of unjust profits earned

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Liability of a Partner in partnership accounts

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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Issued Capital

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

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Meaning of Authorised Capital

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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Investment Fluctuation Reserve Journal Entry

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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