preoaration of journal entries for partnership liquadation.., Accounting Basics

Assignment Help:
tugade ,masinsin and biore are all famous athletes who have been operating a sports memorabilia store for how many years .The partnership decided to liquadate its operation rather than sell the bussiness because they are each about to retire and want to go thier separate ways . They have been sharing profits in the ratio of 40% to tugade 40% to masinsin and 20% to Biore.

Related Discussions:- preoaration of journal entries for partnership liquadation..

Cash flow analysis, Cash  Flow Analysis:   As per the Institute of Cost...

Cash  Flow Analysis:   As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different

Case, contributed her $10000 in exchange for $1000 of the shares. this was ...

contributed her $10000 in exchange for $1000 of the shares. this was deposited into a new corporate bank account she set up with TD canada trust

Gaap, Assignment on Generally Accepted Accounting Principles

Assignment on Generally Accepted Accounting Principles

State the term- liabilities, State the term- Liabilities Current Liabi...

State the term- Liabilities Current Liability is a debt which is due for payment within one year. Long-term liability is one NOT paid in a year. OWNER'S EQUITY Also

Show steps in recording business transactions, Steps in recording business ...

Steps in recording business transactions Look at Exhibit 5 to observe the steps in recording and posting the effects of a business transaction. Note that a source document offe

Journal, Why to and by using in journal, trading a/c, p&l a/c and ledger?

Why to and by using in journal, trading a/c, p&l a/c and ledger?

State the steps of merchandise inventory, State the steps of Merchandise in...

State the steps of Merchandise inventory 1) TRANSFER THE BEGINNING INVENTORY FIGURE Debit INCOME SUMMARY for beginning inventory amount. Credit MERCHANDISE INVENTORY fo

Business combination, what are the legal distinction between business combi...

what are the legal distinction between business combination, merger and consolidation

How to deal with this problem?, How to create account for barter transactio...

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

What is credit balance, Q. What is credit balance? If on the other side...

Q. What is credit balance? If on the other side the sum of the credits exceeds the sum of the debits the account has a credit balance. For example assume that a company has an

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd