ACCOUNTANCY A LEVEL(FORM SIX) NOTES – PARTNERSHIP (CONTRACT).(4)
PARTNERSHIP (CONTRACT).Death of a partner:From the Accountancy point of view, the only difference between retirement and the death of the partner is that in the
ACCOUNTANCY A LEVEL(FORM SIX) NOTES – COMPANY ACCOUNT 1.5
TRUSTEEThe Debenture Deed will appoint a trustee for the debenture holders whose work is to safe guard the interest of the debenture holders. On the
ACCOUNTANCY A LEVEL(FORM SIX) NOTES – CONTAINER ACCOUNTS
CONTAINER ACCOUNTSCONTAINER ACCOUNTSWhat is a container?Container is anything in which goods are contained.Container is used in parking goods. Examples are the cigarette packets, bottles, crates,
ACCOUNTANCY A LEVEL(FORM SIX) NOTES – STATEMENT OF PROFIT OR LOSS ON CONTAINER
STATEMENT OF PROFIT OR LOSS ON CONTAINERHiring charge (charge out price – credit back price) x containers sentxxxAdd: profit on containers retained (credit back –
ACCOUNTANCY A LEVEL(FORM SIX) NOTES – WEAKNESS OF ESTIMATION METHOD
Weakness of Estimation MethodThe stock estimation technique assumes that the gross profit margin remains stable during the period of estimation.It also assumes that the closing
ACCOUNTANCY A LEVEL(FORM SIX) NOTES – MODE OF PAYMENT(2)
Mode of Payment(i) Cash paid to all partners outside the business or paid privately.(ii) Cash paid through the firm or business; such cash may be:Raised
ACCOUNTANCY A LEVEL(FORM SIX) NOTES – STOCK VALUATION
STOCK VALUATIONConcept;Stock/inventoryThe Tanzania statement of Accounting Guidelines No 2 which deals with the valuation of inventories in the context of the historical cost system states
ACCOUNTANCY 6 – COMPANY ACCOUNT 1.3
TRUSTEEThe Debenture Deed will appoint a trustee for the debenture holders whose work is to safe guard the interest of the debenture holders. On the