Financial Accounting
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Partnership Accounting: Preparing Appropriation Account
The appropriation account is another account that is prepared by a partnership. It is a continuation of the income statement…
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Accounts for manufacturing businesses
A manufacturing business is one that is involved in the production of goods. A separate account, known as a manufacturing…
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Meaning of Consignment Accounting
Consignment refers to selling the goods manufactured by a company, through an agent. This method of sales is especially popular…
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What are limited liability companies?
A limited liability company is a type of organisation owned by shareholders, whose liability is limited to the amount that…
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Jalani Distributors sold three light commercial vans to Jain Enterprises
Jalani Distributors sold three light commercial vans to Jain Enterprises on. January 1, 2017 on hire purchase system. The price…
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