This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ...the computation of the value of said interest to be based on two years' purchase price of the average profits of the last three years in the date of his death. The accounts were kept by single-entry and were made up half-yearly to June 30th and December 31st; and the statement of affairs was signed by each of ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ...the computation of the value of said interest to be based on two years' purchase price of the average profits of the last three years in the date of his death. The accounts were kept by single-entry and were made up half-yearly to June 30th and December 31st; and the statement of affairs was signed by each of the partners, as acknowledging their agreement as to the profits shown thereby to have been earned during each of these fiscal periods, respectively: To December 31, 1902 $14,320.00 To June 30, 1903 16,089.50 To December 31, 1903 14,200.50 To June 30, 1904 18,006.50 To December 13, 1904 13,453.50 To June 30, 1905 20,500.00 "A" died October 31, 1905; and it is agreed that his partnership ceased as at that date, and that the partnership then had as assets: Good book debts $41,995.00 Furniture and fixtures, worth 3,600.00 Cash in bank and office 9,450.00 And liabilities amounting in all to 3,250.00 "A's" capital account showed at the same time $20,000.00 to his credit, and his personal account a debit of $2,165.00 (the latter forming part of the asset of $41,995.00 for good book debts). The profits for the half-year during which "A" died were ascertained at the next usual fiscal term, viz.: December 31, 1905, when they were shown by "B" and "C" to be $26,380.00; and the administrator of "A's" estate is satisfied as to its correctness. Make statement showing amount "A's" estate is entitled to receive from "B" and "C," without reckoning any interest on the balances of either of the partner's capital or personal accounts. XVIII. Statement Of Affairs And Deficiency AcCounts. 335. Of what value is a statement of affairs? 336. What connection does a deficiency...
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Add this copy of Guide to the Study of Accounting to cart. $53.62, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2015 by Palala Press.
