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Define revenue and expenses.

Class 11 accounts
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Giving examples, explain the following accounting terms: Fixed assets, Revenue, Expenses, Short-term liability, Capital.

Class 11 accounts
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If the accounting information is not clearly presented, which of the following qualitative characteristic of accounting information is violated?

Class 11 accounts
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“”The role of accounting has changed over the period of time””- Do you agree? Explain.”

Class 11 accounts
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‘Accounting information should be comparable’. Do you agree with this statement. Give two reasons.

Class 11 accounts
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Distinguish between debtors and creditors; profit and gain.

Class 11 accounts
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Give any three examples of revenues.

Class 11 accounts
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Discuss the various methods of computing the share in profits in the event of the death of a partner.

Class 12 Accountancy accounts
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Explain the treatment of goodwill at the time of retirement or in the event of the death of a partner?

Class 12 Accountancy accounts
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Explain the treatment of goodwill at the time of retirement or in the event of the death of a partner?

Class 12 Accountancy accounts
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How will you compute the amount payable to a deceased partner?

Class 12 Accountancy accounts
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Explain the modes of payment to a retiring partner.

Class 12 Accountancy accounts
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