3.15 Partnership accounts
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Additional information |
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Prepare and comment on the financial statements of partnerships. |
Financial statements are:
Preparing financial statements will involve the calculation and recording of:
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Prepare capital and current accounts of partners. |
Financial statements and partners’ accounts could require the application of the relevant terms of the Partnership Act 1890 for partners operating without agreement. |
Account for changes in partnership. |
Changes in partnership are:
Note: the dissolution of partnerships will not be examined. |