ACCOUNT QUESTION

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WAEC FINANCIAL ACCOUNT OBJECTIVE

 Account obj. 1_10 ABCDBBDACD
11_20=ADBCDADCC
21_
30=DBACDAACAB
31_
40=DADBDACBAC
41_
50=ADBBCBADCD

WE ARE PROCESSING TO TYPE OUT THE THEORY............................50% LOADING....

theory ANSWERS


No4ai.
Reserve ar allocatns of fund usualy to build up the financial strength of company by retain fund to work d busines of being distribute dividend.

ii.Capital & Revenue reserve.

4b.i.credit reserve
ii.debit profit
iii.debit loss.

4c.i.bad dept
ii.provisn for bad
iii.balance sheet
iv.profit and loss.

2a (1) Without violation of the agreement between the partners,
(a) By the termination of the definite term or particular undertaking specified in the agreement;
(b) By the express will of any partner when no definite term or particular undertaking is specified;
(c) By the express will of all the partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specified term or particular undertaking;
(d) By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners

(1) Without violation of the
agreement between the
partners,
(a) By the termination of the
definite term or particular
undertaking specified in the
agreement;
(b) By the express will of any
partner when no definite term
or particular undertaking is
specified;
(c) By the express will of all the
partners who have not assigned
their interests or suffered them
to be charged for their separate
debts, either before or after the
termination of any specified
term or particular undertaking;
(d) By the expulsion of any
partner from the business bona
fide in accordance with such a
power conferred by the
agreement between the partners