Question
question 1 Which of the following statement is 'TRUE' regarding capital accounts? options O a. Capital account balances under fixed capital method changes every year
question 1 Which of the following statement is 'TRUE' regarding capital accounts?
options
O a. Capital account balances under fixed capital method changes every year
O b. Capital account balances under fluctuating capital method is constant every year
O c. Current account balances under fixed capital method changes every year
O d. Current account balances under fluctuating capital method changes every year
question 2
In which type of partnership firm, does all partners jointly and severally liable for the business debts to the full extent of their property?
options
O a. General partnership
O b. Liability partnership
O c. Limited partnership
O d. Liability company
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
12th Canadian edition
133098230, 978-0132791564, 132791560, 978-0133098235
