The excess of value of assets over the purchase consideration on acquisition of a business is credited to Posted on:
If creditors at 1\1\10 were Le 3,000; creditors at 31/12/10 Le 5,500 and payments to creditors Le 29,000. The purchases figure for 2010 is Posted on:
Partners whose liabilities are restricted to their financial contribution to the partnership in the event of winding up are Posted on:
