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What else can I help you with?
The part of the atom that accounts for electricity is the?
The electron is the part of the atom that accounts for electricity.
Which defines a logical explanation that accounts for observation?
Which defines a logical explanation that accounts for observations
What is the plural of genie?
Genii by most accounts
What methods are use to identify age accounts on pegboard system?
date
What are the different saving methods?
Different saving methods include traditional savings accounts, which offer liquidity and interest; certificates of deposit (CDs), which typically provide higher interest rates in exchange for locking funds for a set term; and money market accounts, which combine features of savings and checking accounts with higher interest rates. Additionally, individuals can consider retirement accounts like IRAs or 401(k)s for long-term savings, as well as investment accounts for potentially higher returns through stocks or bonds. Each method has its own benefits and risks, so it's important to choose based on financial goals and needs.
When the firm sells the business as a going concern cash balance is transferred to?
The balance is transferred to prepare the Partner's Capital and Current Accounts.
When revaluation account is opened?
A revaluation account is opened when a partnership or a company undergoes a revaluation of its assets and liabilities, typically during events such as the admission of a new partner, retirement of an existing partner, or a significant change in business structure. This account helps to reflect the current fair value of assets and liabilities on the balance sheet, ensuring that all partners have an accurate understanding of their equity stakes. The revaluation surplus or deficit is transferred to the partners' capital accounts, affecting their profit-sharing ratios.
What is memorandum revaluation account?
A memorandum revaluation account is an accounting record used to document the revaluation of assets and liabilities, particularly in the context of partnerships or joint ventures. It reflects changes in the market value of assets, allowing partners to adjust their capital accounts accordingly. This account helps ensure that the financial statements accurately represent the current value of the partnership's net assets, facilitating fair distribution among partners during events like changes in ownership or profit sharing.
If i have two YouTube accounts how can i make them a partnership?
I do not think you can. Sorry!
Can a partner freeze the bank accounts of a partnership firm?
yes
Is annual filing required?
A Partnership firm is not required to file its annual accounts with the Registrar each year unlike a Limited Liability Partnership or Company. Limited Liability Partnership's and Company's are required to file their annual accounts with Registrar of Companies each year.
What has the author Russell Storm Mackay written?
Russell Storm Mackay has written: 'Partnership accounts' -- subject(s): Accounting, Partnership
What is difference between revaluation account and realization account?
Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.
What has the author R C De Zouche written?
R. C. De Zouche has written: 'Partnership accounts' -- subject(s): Accounting, Partnership
What is closing entry?
A closing entry is when data in the temporary accounts, is transferred to the permanent balance sheet, or to the income statement accounts.
How do you split a business partnership?
First of all, you register the Partnership Firm with Registrar of Partnership (under Indian Partnership Act, 1937) giving the particulars of Partners, their contribution to capital, their addresses etc, and register the 'Partnership Deed' and submit. Get the 'Certificate of Commencement of Business' and then purchase the business, which wants to split to partnership Sell all the legal accounts to Partnership firm and close down the sole trading concern/HUF
What happens to bank accounts after a spouse dies in Georgia?
Funds are transferred to the surviving spouse
