What types of reports and accounts should a partnership
company prepare?
Answers were Sorted based on User's Feedback
Answer / abby
in partnership account they prepare capital account, current
account and p/l appropriation account for each partner.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / prashanth
IN PARTNERSHIP COMPANY THEY WILL REPORT
REVALUATION/MEMORANDUM OF REVALUATION ACCOUNT, P/L
APPROPRIATION ACCOUNT, CAPITAL ACCOUNTS OF EACH PARTNERS
AND AT LAST BALANCE SHEET OF EACH PARTNERS.
| Is This Answer Correct ? | 1 Yes | 0 No |
What is Cost Accounting
6 Answers NIC, Oceanic Exports, State Bank Of India SBI,
you purchase a machinary on a loan what is the joury entry for that and where will you show the the loan amount in balance sheet and show the ledger account?
Expand CDR
what is a depository?
why is it called profit and loss account why not profit or loss account, ( u either get profit or loss )
13 Answers Genpact, Symbiosis,
Expand I T P
Sold goods worth Rs 75000/- inexchange of old furniture worth Rs 15000/- and balance in cash. Pass entr for it
Expand---------TCSS
EXPAND_________SMS
state and explain THREE types of situation to which accounting concept might be applicable
Expand---------MRDT
Credit Paurchases