Write down Partnership Act 1 8 9 0 that apply in the absence of partnership agreement. Thomas
Fantastic news! We've Found the answer you've been seeking!
Question:
Write down Partnership Act that apply in the absence of partnership agreement. Thomas Ltd has the following share capital structure at April Authorized share capital Preferred shares of $ eachp Ordinary SharesIssued, called up and fully paid share capital Preferred shares of $ eachp Ordinary sharesThe following balance have been extracted from the accounting records of Thomas Ltd at Aprill $Gross trading profit for the yearDebenture interest paidLoan InterestRetained Earnings at May Other administrative expensesDepreciation charge for the yearInterim ordinary dividend paidDirectors' feeThere are some additional items that need to be incorporated into income statement The company issued that need to be incorporated into the income statement Loan interest of $ needs to be accrued Additional directors' fee of $ need to be accrued The directors estimate that the auditors' remuneration will be $ The preferred dividend has not yet been paid A final ordinary dividend of p per share is proposed A transfer of $ is to be made to a General Reserve.
Posted Date: