Question

Suggestions ob final account

Answer 1

Learn the basic general enteries for the partnership accounting procedure...this will help u to learn the key concepts ..then give importance on the ratios ...new ratio and sharing ratio and sacrifice ratio...then learn to make ledger for each accounts..then posting as we learnt in ledger accounts then post according...mainly see the goodwill account properly ...brought in bussiness ; written off must seen carefully...thn it is very easy

Answer 2

  The inventory of the firm in the first year has been sold very slow. And there is an increase in the movement of the inventories but it slightly decreased in the last year. This may be a sign not good to the firm.