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A partnership uses whatever type of accounting its bank wants it to use.

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14y ago

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What are the kinds of partners in partnership accounting?

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How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?


What is partnership accounting?

A business can be a corporation, a partnership, or a sole proprietorship. A corporation is incorporated at the state level. A sole proprietorship is one person in business. A partnership is two or more persons with an agreement on who has which assets and liabilities and income. Partnership accounting is doing the books for the partnership. For IRS purposes, a partnership return must be filed each year.


What is the conversion process from an accounting perspective when converting a partnership to a company structure?

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What has the author Russell Storm Mackay written?

Russell Storm Mackay has written: 'Partnership accounts' -- subject(s): Accounting, Partnership


What are the type of accounting standard use in Nigeria?

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Do you have examples on partnership?

what type of business is a partnership


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A partnership is defined as an arrangement where parties agree to cooperate to advance their mutual interests. An example of partnership is doctors who share an office. Law firms and accounting firms are often partnerships.


What has the author R C De Zouche written?

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Explain the differences between financial accounting and Management Accounting?

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