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A gift of residue
Where property is not given by a specific legacy nor by a general legacy, it makes up the residue of the testator's estate. If the testator fails to make a gift of his residue, he dies partially intestate. The rules of intestacy will apply to the property comprising his residue. If a gift of property fails due to lapse or uncertainty, the property falls into the residue.A "general residuary bequest" is defined as a testamentary gift of all property of the testator not otherwise disposed of.
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Case laws related to accounting for investment
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methods of preparation of trial balance
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For each of the ratios listed below, indicate by the appropriate code letter, whether itis a liquidity ratio, a profitability ratio, or a solvency ratio. Code: L=Liquidity rati
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