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?
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