32 points Saroog 1 1 Co-ownership right of partners 2 Capital deficiency A Does not produce changes in the assets ni in the balance of the total capital of the B Disadvantage of society 3 Concept of mutual C The income produced in the business agency is taxed by the owners of the company 4 A new partner invests cash or another D The resources contributed to the business resource in society belong to the company 5 Distribution of the final balance E Reduces the capital account of the company's cash account balance of existing partners 6 One partner buys from another part of Fincreases the account balance of their participation in society capital of the existing partners *7 Unlimited legal liability G Increase the assets and the capital of the sot 8 Revenue H The participating interest of the new expenditure partner is less than the amount baid 9 Revaluation of assets of the I The participating interest of the new Society partner is greater than the amount pad 10 Extraordinary It is made according to the balances repairs end of the capital account armers 11 Trading Company K The actions of the partners commit the company 12 Asset Improvement Lit has to be done before (Improvements to fixed assets) admission of a new partner 13 Member admitted with bonus. M Debit balance of the partner's capital account 14 Member admitted with bonus for N Repairs & Maint. Exp. XO existing members Accounts Payable XXX 15 Increases the value of the assets of 0 Equipment society in the market after Cash XOX revalue them 16 Decreases the value of the company's P Accum. Depr.- Truck 03 assets in the market after Cash reassess the same Sarong #2 38 points 17 extraordinary reparations A Register only if you can be quantified in a transaction Extraordinary repairs) 18 Depletion B Depreciation expense decreases Express progressively from period to period 19 Straight line Cit is recorded if the sale price is greater depreciation than the book value of the fixed asset sold 20 Double dedinina deprec-D it is recorded if the sale orice is tion (double math twice less than the book value of the fixed asset depreciation) sold out 21 Units of E Expenses incurred in relation to output depreciation foxed assets and that are necessary for their maintenance and normal operation 22 Goodwill F Faced asset Oost- Accumulated depreciation 23 Amortization G The periodic transfer of the cost of a fixed Expense asset to an expense account H They 24 Book value the value of the fixed asset but do not mondes 25 Asset Improvement life! The periodic transfer of the Improvements to fred cost of an intangible asset to a 26 Gain on Sale of Fixed Depreciation expense remains Asset (in on the sale of fixed 27 Depreciation K The same amount of depreciation expense is allocated throughout the useful of food 28 Revenue Expenditures The periodic transfer of the cost of a Not capitalable dissement) natural resources an expense account 29 Loss On Sale of M Most commonly used by business Fixed Asset (loss on the sale of a small with a reduced amount of feeds accounts receivable 30 Advantage of factoring N Retots because more uncollectible counts receivable accounts were eliminated than were thay hind estimated 31 Disadvantage of factorin O Most commonly used by account: Povable companies large with a considerable amount account 32 Debit balance of the P The purchasing company assumes the risk Allowance account prior to of the potential uncollectibility of the the adjusting entry 33 Balance in credit of the The company receives cash immediately Allowance account prior to na rosult of the transaction Adjusting entry 34 The end Direct method the useful le of the fixed as uncollectible accounts 35 Reservation Method OS Results because loss allowance was written off for uncollectible accounts than had boddol been estimated Sarong #3 30 points 36 Maturity Value (Value to date A Formal written document that represents the date of sale) amount receivable from teeth 37 Net Income B Arises from the sale of services or merchandise on credit and the main evidence is a Invoice 38 Depreciable cost C Records an Uncollectible account expense when an item is identified as Uncollectible specific account 39 Net Realizable Value D Represents the amount estimated as. (Net Realizable Value) uncollectible of total accounts receivable 40 Accounts Receivable E Another term used to identify the sale of accounts receivable F it does take 41 Note Recelvable into account the previous balance in the Allowance account when recording the adjustment entry for uncollectible accounts G Does 42 Aging Report not take into account the previous balance in the Allowance account when recording the adjustment entry for uncollectible accounts 43. Factorization H Amount charged for the use of someone else's money 44 Direct Write-on 1 List of accounts receivable Method according to their due date in contrast to the date on which the document is prepared J Fixed Asset Cost -Dept. accumulated 22 46 Allowance for Bad Debts K Cost of Fixed Assets -Estatud Rondoul Value . 45 interest - 47 Estimate of uncollectible Accounts Recevable accounts based on a percentage Allowance for Bad Debts about the ? 48 Estimated accounts receivable M Note Receivable based on an analysis Interest Revenue of accounts receivable 49 Net Loss Nincome (Revenues) > Expenses (Expenses) 50 Book value O Income (Revenues) Expenses (Expenses) 50 Book value O Income (Revenues)