In a partnership account, conversation of non-cash assets into cash is referred to as?

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If the capital of the partnership is unfixed, what is K’s current accounts?

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Assuming that the partnership maintains a fixed capital, what is P’s closing capital?

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Determine M’s share of profit?

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what is the new partner to take 1/5th as share, what is the new profit or loss sharing ratio?

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Which of the following is a common cause of a discrepancy between head office and branch trial balance?

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One of the purposes of maintaining the account of a branch at the head office is to?

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Determine the total expenses of department P?

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What is the sales value of department R?

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From the information above, the two most logical bases for apportioning expenses that are common to departments are?

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What is the accumulated fund?

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Receipt and payments account is a summary of the?

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