relationship among the members of the partnership firm. Hence‚ whenever there is a change in the partnership agreement‚ the firm continues but it amounts to the reconstitution of the partnership firm. Reconstitution of the firm can take place on the following occasions : l LEARNING OBJECTIVES After studying this chapter‚ you will be able to : l Explain the concept of reconstitution of partnership firm; Describe the accounting implications of change in profit sharing ratio amongst existing partners;
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In terms of the consumer theory set forth in this chapter‚ can you explain the meaning of the following statements? a. "I think you get more for your money from Nike than from Reebok." b. "I wanted to buy a Boxster rather than a Malibu‚ but it just wasn’t worth it." c. "I’d like to go to Mexico over spring break‚ but I just can’t afford it‚" said Don. Jill asked‚ "Don’t you have enough money in your account?" Don replied‚ "Yeah‚ but I can’t afford to go." d. "I’ll have to flip a coin to decide whether
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Following Directions Exercise Read every item carefully before beginning this exercise. 1. Get a one – whole sheet of paper. Use your paper in answering the questions. 2. If you were one year older‚ what would be the year you were born? _____________________________ 3. Give directions from this classroom to the library. __________________________________________________ __________________________________________________ __________________________________________________
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MINISTERUL EDUCATIEI‚ CERCETARII SI TINERETULUI INSPECTORATUL SCOLAR JUDETEAN DOLJ OLIMPIADA DE LIMBA ENGLEZA FAZA LOCALA -GIMNAZIU -11 APRILIE‚ 2008 Clasa aVI-a SUBJECT I Ask "wh-" questions about the underlined parts of the following sentences: 1. The English teacher gave us a test last week. 2. People often go to pubs in London because they have accessible prices. 3. The top model is wearing a silver dress tonight. 4. The weather was warm and sunny yesterday. 5. Nothing has happened
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Imperial Luxurious is a business providing marketing design services. On 1 March 2011 the following balances were extracted from the books: £ Capital 150 000 Premises 120 000 Fixtures and fittings 24 000 Provisions for depreciation on: premises 5 000 fixtures and fittings 6 000 Debtors 17 500 Creditors 8 500 Bank 8 000 For the month of March the following summarised transactions occurred: • Credit sales of £28 000 were invoiced to customers
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NATURE OF ACCOUNTS A separate account is maintained for each item in the balance sheet. Transactions may be recorded by entering the amount by which each item is affected into the respective account. The process of recording transactions consists of • T-Accounts. The T-account‚ named for its shape‚ is a convenient way of representing an account on a piece of paper. The T‚ with the account name entered at the top‚ permits transaction information to be entered on either side of the vertical
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payment is made within 10 days. 2) Flyer Company has provided the following information: Cash sales‚ $150‚000 Credit sales‚ $450‚000 Selling and administrative expenses‚ $110‚000 Sales returns and allowances‚ $30‚000 Gross profit‚ $490‚000 Accounts receivable‚ $110‚000 Sales discounts‚ $14‚000 Allowance for doubtful accounts credit balance‚ $1‚200 How much is bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible? A. $5‚500 B. $6‚700 C. $4
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Chairs N More Table of Contents Acknowledgements………………………………………………………………………………………………………………………..3 Aim of Study…………………………………………………………………………………………………………………………………...4 Introduction…………………………………………………………………………………………………………………………………….5 Chapter 1…………………………………………………………………………………………………………………………………………6 Transactions-Sept……………………………………………………………………………………………………………………………7 Cash Book………………………………………………………………………………………………………………………………………..8
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Uncollectible Accounts Lesley-Ann Herard ACC 281 John Istvan November 17‚ 2014 Uncollectible Accounts Charity care in a health care environment gives patients reduced or even free services to those who have low incomes. The idea of charity care was associated to the way hospitals helped low- income families. The write-offs and potential costs that are provided to the patients are determined before anything is done. It is up to the discretion of the hospital if any or all the cost is
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to overcome its negative effect on health. Smokers unfortunately have an extremely high risk of getting some type of cancer. The German researcher William Faulkner mentioned that this happens due to the presenceof a certain substance in tobacco which causes various kinds of cancer: lung cancer‚ mouth cancer‚ and others. These diseases are almost deadlyand nearly impossible to cure. Cancer researches in the UK state more than eighty five percent of patients with lung cancer for instance‚ are smoking
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