Fair Shares what the outgoing Partner can expect 03 July 2006 Problems are posed where, after dissolution, a partnership business is continued by one partner. Such problems are longstanding. Frequently a husband and wife have run a business as partners (often without a Deed of Partnership). Following the breakdown of their marriage, one of them leaves whilst the other continues the business. This frequently raises the issue as to liability for the income earned from the business which is continued
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decisions which took place in each of the phase of SNC’s simulation which has an estimated values to figure out the results, secondly the paper also describes how SNC’s decisions are influenced with respect to their working capital followed with the final step of evaluating the general affects associated with the limited access of financial mix. Sunflower Nutraceuticals (SNC) Background No wonder SNC is a privately owned Nutraceuticals company , more over one can say it is a wide distributor
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have also made various decisions in each of the phases of SNC’s simulation which has an estimated values to figure out the results. This paper also explains how SNC’s decisions are influenced with regards to the working capital followed with the final step of evaluating the general affects associated with the limited access of financial mix. Sunflower Nutraceuticals (SNC) Background Sunflower Nutraceuticals is a privately owned company that is a wide distributor providing numerous dietary supplements
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PARTNERSHIP AGREEMENT of the [Name] Investment Club This AGREEMENT of PARTNERSHIP is made as of [Date], by and between the undersigned Partners. Formation The undersigned hereby form a General Partnership in, and in accordance with the laws of, the State of [State]. Name The name of the Partnership shall be [Partnership Name]. Term The Partnership shall begin on [Date], and shall continue until [Date] of the same year and thereafter from year to year unless earlier terminated as hereinafter
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material from its foreign supplier, Bolivian Clay, on May 8. Payment of 2,000,000 foreign currency units (FC) is due in 30 days. May 31 is Brisco’s fiscal year-end. The pertinent exchange rates were as follows: 4. For what amount should Brisco’s Accounts Payable be credited on May 8? A. $2,500,000. B. $2,440,000. C. $1,600,000. D. $1,639,344. E. $1,666,667. 5. How much Foreign Exchange Gain or Loss should Brisco record on May 31? A. $2,520,000 gain. B. $20,000 gain. C. $20,000 loss
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who keeping the books of account must be responsible to his/her job when he/she is careless or not serious may cause such errors happen. Lack of Knowledge - Accounting is based on certain principles and rules. Due to the lack of knowledge of the accounting principles and rules, accounting errors may be occurs. Dishonest of records - If the person who is responsible for keeping books of account is dishonest, he/she may intentionally commit errors in the books of account for the purpose of taking
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BA464 Final Exam Click below link for Answer http://workbank247.com/q/ba-464-final-exam/8138 http://workbank247.com/q/ba-464-final-exam/8138 Part I: Multiple Choice Select the best response to each of the following multiple choice questions: No. | Question Text | AnsA | AnsB | AnsC | AnsD | 1 | On December 31, the assets of a business include: Cash, $3,500, Accounts Receivable, $14,000, and Supplies, $1.050. The liabilities on December 31 total $7,600. The owner's equity on
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09256657505) Dr. Vinod Kumar is Author of Ultimate Book of Accountancy and a great name in the field of accountancy Maximum Marks: 80 Part – A Partnership, Share Capital and Debentures 1. Do all firms of business organisations prepare the P/L Appropriation A/c? 2. Where would you record the interest on capital when capital is fixed? 3. In the absence of partnership deed, how are mutual relations of partners governed? (1) (1) (1) 4. In case of re-issue of shares which were originally issued at par or
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dimensions of the question paper shall be as under : A. Weightage to Content/ Subject units Content Unit Marks S. No. Part A : Accounting for Not for Profit Organizations, Partnership Firms and Companies 1. Accounting for not for profit organizations 2. 3. 4. Accounting for Partnership Firms Reconstitution of Partnership Accounting for Share Capital and Debentures TOTAL Part B : Financial Statement Analysis 5. 6. Analysis of Financial Statements Cash flow Statement Total OR Part C : Computerized
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application money should be refunded with in ______days 20 b) 25 c) 30 d) 10 10. Liability of a member in case of a private company is f) Limited b) Unlimited c) Both (a) or (b) d) None of the above 11. Maximum no. of persons in case of partnership banking business ______ g) 10 b) 20 c) 30 d) 5 12. Minimum paid up share capital in case of a private company is _______ h) 1 Lakh b) 2 Lakhs c) 3 Lakhs d) 4 Lakhs 13. Minimum paid up share capital in case of a public company
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