Accounting Quiz or Test Your Accounting Knowledge On Partnership Accounts
Refresh or test your accounting knowledge on Partnership Accounts :
| QUESTIONS:1.0 What is “ joint an several liability?
2.0 Describe two ways in which the accounts of a partnership differ from those of a sole trader 3.0 What are the differences between a partner’s current account ad his capital account? 4.0 Interest paid on loans made by partners to the business is an appropriation of profit. True or false?
|
Related Posts
- Financial Accounting Test Question IFS No 6 On Interpretation Of Financial Statement
- Accounting Quiz or Test on Knowledge On Bookkeeping and Accounting
- Details Of Ninth Schedule Companies Act 1965(Act No 125)
- GCE “O” Level Principles Of Accounts ( Singapore )
- Types Of Organization Structure- Partnership ( Part 2 of 3)
Comments are closed now.