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just give answer only dint explain 4. (1 mark) Which of the following is not true about the characteristics of a partnership business? A. Profit
just give answer only dint explain
4. (1 mark) Which of the following is not true about the characteristics of a partnership business? A. Profit or loss is to be shared between the partners. B. General partners are involved in operating the business. C. Minimum number of partners is 2. D. General partnership has limited liability. (1 mark) Which of the following is a public limited company? A. Mona Lisa Associates B. Teriak Catering Enterprise C. Bomca Malaysia Sdn Bhd D. None of the above (1 mark) 5. 6. Which of following statements is not true about the purposes of recording and analysing accounting information? A. To measure the level of employee engagement. B. For easier reference in retrieving data and information. C. To avoid misleading of financial statements. D. To know the financial status of the business. (1 mark) 7. A well written partnership agreement should include all of the following except A. capital contributed by partners B. drawings made by partners C. profit or loss sharing ratio D. interest on loan (1 mark) 8. Which of the following items would be found in a partner's current account? i. Drawings ii. Capital iii. Interest on loan iv. Sharing of profit or loss A. I, ii and iii B. i, iii and iv C. ii, iii and iv D. All of the above (1 mark) 9. A conceptual framework for financial reporting is A. a set of regulations which govern financial reporting B. a set of principles which underpin financial reporting C. a set of items which make up an entity's financial statements D. a set of financial reporting standard (1 mark)Step by Step Solution
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