The partnership deed normally specifies?
...The partnership deed normally specifies?
How profits or losses are to be shared
The capital to be contributed annually
How salaries are paid to employees
The profit that should be earned annually
Correct answer is A
A partnership deed is a document containing an agreement that details the rights and obligations of each partner participating in a venture. For example, a deed of partnership could specify how proceeds from the partnership's business are to be divided among the partners.
The major source of document which enables employer to calculate the employee wages is t...
An asset was purchase for N343m in 2003. The estimated life of the asset was 3 years with a r...
Given: Returns inwards............N1500 cash.......................N1550 Discount...................
In the trading and profit and loss account of a manufacturing organization, purchases is? ...
i. Operating machines ii. Furniture iii. Fixtures and fitting iv. Loan from friends V. Creditors...
The total value received by company as consideration for shares issued constitutes ...
In preparing the final accounts, the bad debt account is closed by a transfer to the ...