Similar to the sole proprietor, the partnership firm also prepares its final accounts from the trial balance.
Let's learn more about goodwill and its various aspects!
In this course, we discuss the change in profit and loss sharing ratio or distribution ratio between the existing partners in detail.
When a partner is admitted to the existing partnership firm, it is called admission of a partner.
What is retirement? What are the circumstances of retirement of a partner? Find the answers to these questions and test your knowledge too!
What are debentures? How are they classified? Learn this and much more in this course on debentures!
In this course we shall learn the preparation of balance sheet and statement of profit and loss of company as per Companies Act, 2013.
This Chapter is of 4 Marks in Board Exam. 1 Mark - Answer in one Sentence, 4 Mark Answer is Short - Sum is Expected
"The relationship between two accounting figures, expressed mathematically, is known as financial ratio."