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Accounting For Beginners

Excellent commerce point > Accounting For Beginners
Partnership Accounting
18
Sep

Partnership Accounting – CMA Inter Financial Accounting Question 1.Write short note:Guaranteed Partnership. (June 2013, 5 marks)Answer:In a partnership, there may be special agreement by virtue of which partner may get the guarantee of earning a minimum amount of profit. The guarantee may be given by one partner in particular or by the firm. It is […]

Posted in: CMA updates , ICMAI ,
Tags: Accounting Basics , Accounting Concepts , Accounting For Beginners , Admission of Partner , Capital Accounts , Commerce Education , Commerce Students , Dissolution Of Firm , Partnership Accounting , Partnership Deed , Profit Sharing Ratio , Retirement of Partner , Revaluation ,
Accounting Fundamentals
12
Sep

Accounting Fundamentals – CMA Inter Financial Accounting  Question 1.Write short note:(c) Accounting convention of consistency; (Dec 2012, 5 marks)Answer:In order to enable the management to draw important conclusions regarding the working of a company over a number of years it is essential that accounting practices and methods remain unchanged from one accounting period to another. […]

Posted in: CMA updates , ICMAI ,
Tags: Accounting For Beginners , AccountingConcepts , AccountingFundamentals , BasicAccounting , Commerce Students , DebitCredit , FinanceEducation. , FinancialStatements , JournalEntries , LearnAccounting , Ledger , TrialBalance ,