Questions from Financial Accounting

Q: What happens to the assets and liabilities of a partnership on dissolution

What happens to the assets and liabilities of a partnership on dissolution?

Q: What is the annual general meeting of a company? Describe the

What is the annual general meeting of a company? Describe the proceedings at such a meeting.

Q: Explain the main difference between a limited company and a sole trader

Explain the main difference between a limited company and a sole trader.

Q: The following is a list of balances in the ledger of C

The following is a list of balances in the ledger of C. Rick at 31 May 20X0: Required Prepare a trial balance.

Q: Describe the different kinds of preference share.

Describe the different kinds of preference share.

Q: How does a public limited company differ from a private limited company

How does a public limited company differ from a private limited company?

Q: Describe the contents of the Memorandum and Articles of Association. What

Describe the contents of the Memorandum and Articles of Association. What are the purposes of these documents?

Q: What are preliminary expenses?

What are preliminary expenses?

Q: Explain how each of the following arises: a. a

Explain how each of the following arises: a. a share premium; b. a debenture discount.

Q: Outline the main contents of a prospectus.

Outline the main contents of a prospectus.