Practice Activity 11.13 Presenting the statement of financial position after the amalgamation of two sole proprietors’ businesses to...

Practice Activity 11.12 Capital contribution of partners in a partnership’s statement of financial position Akanchawa, Biakenechukwu and...

Peace, Progress and Unity are partners in Peace Progress Unity & Co., sharing profits or losses based on the ratio of 3:2:1,...

The sharing profits or losses are very important in a partnership business. It is important for a partner to calculate his or her total...

Nkem and Obi contribute ₦700,000 and ₦400,000 respectively to commence a partnership business in April 2018. Based on the partnership...

Gaaniru and Lotechukwu contribute ₦700,000 and ₦400,000 respectively to commence a partnership business in April 2018. The partnership...

Give two examples of financial transactions based on cash and credit. Suggested answers to practice activity 2.3 Examples of financial...