Which of the following is not true of a partnership busin...
Which of the following is not true of a partnership business without written agreement?
Profit and losses will shared equally
Interest not to be paid on capital
Interest on drawings is to be at the rate 5% per annum
Salaries are not allowed to partners
Money in excess of capital agreed to subscribe is to attract an interest of 5% per annum
Correct answer is C
No explanation has been provided for this answer.
The measure of a company's ability to pays its debts quickly is called ...
CR. DR. Sales ledger balance 9, 500 Sales ledger balance 420 Bought ledgers balance 6, 115&...
Which of the following is a credit item in creditors ledger control account? ...
The equivalent of a club's Receipt and payment account is ...
Which of the following is the effect of an increase in the provision for discount allowed? ...
Given: Depreciation of plant and machinery Factory rent Indirect w...