Question

Answer in one word

1.Which commission is paid for realizing credit sale and bearing the risk of bad debt?

2.When are partner 's current account prepared?

3.How many times the realisation account is prepared during firm's life?

4.How much amount is received on the death of a partner if the firm has taken life policy of all partner?

5.Which type of debentures can be converted into share? ​

Answer 1

Answer:

2nd answer is partnership