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Issue and Redemption of Debentures
Issue and Redemption of Debentures 1. Introduction to Debentures Debentures are long-term debt instruments issued by a company to borrow money from the public. They are a type of loan…
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Accounting for Share Capital
Accounting for Share Capital 1. Introduction to Share Capital Share capital is the amount of money raised by a company through the issue of shares to shareholders. It represents the…
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Dissolution of Partnership Firm
Dissolution of Partnership Firm 1. Introduction Dissolution of a partnership firm signifies the end of the partnership agreement, resulting in the closure of the firm. It involves settling the firm's…
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Reconstitution of a Partnership Firm — Retirement/Death of a Partner
Reconstitution of a Partnership Firm — Retirement/Death of a Partner 1. Introduction Reconstitution of a partnership firm also occurs when an existing partner retires or dies. This leads to changes…
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Reconstitution of a Partnership Firm — Admission of a Partner
Reconstitution of a Partnership Firm — Admission of a Partner 1. Introduction Reconstitution of a partnership firm occurs when there is a change in the existing agreement among the partners.…
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Accounting for Partnership: Basic Concepts
Accounting for Partnership: Basic Concepts 1. Introduction to Partnership A partnership is a form of business organization where two or more individuals come together to share the profits and losses…
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Accounting for Not-for-Profit Organizations
Accounting for Not-for-Profit Organizations 1. Introduction Not-for-profit organizations (NPOs) are entities that exist for purposes other than making a profit. Their primary aim is to provide services or support for…