CAPITAL FOR A PROFIT MAKING ORGANIZATION IS GENERATED THROUGH
A. Subscription B. shares ✓ C. donation D. gift The answer to the question is: B. shares Capital for a profit-making organization is primarily generated through the issuance of shares. Shares represent ownership in the company and are typically sold to investors in exchange…
THE ACCOUNT WHERE THE PROFIT ARE DISTRIBUTED TO THE PARTNER IN THEIR PROFIT SHARING RATIO IN PARTNERSHIP IS
A. appropriation account ✓ B. profit and loss account C. balance sheet D. trading account The answer to the question is: A. appropriation account In a partnership, the account where the profits are distributed to the partners in their profit-sharing ratio is known as…
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