Explain me what is assets minus liabilities?
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How can we create compound unit(eg:pkt of 10 nos) in Peachtree accounting software?if u know the answer,plz post it. by Libin kulamuttom
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
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Capital reserve is - a) real account b) nominal account c) personal account d) none of them
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What is the master account?