GCE UPDATES

NECO GCE FINANCIAL ACCOUNTING ANSWERS

NECO GCE FINANCIAL ACCOUNTING ANSWERS

(4a)

i. Name of the firm as determined by all
partners.

ii. Name and details of all the partners of the firm.

iii. The date on which business commenced.

iv. Firm’s existence duration.

v. amount of capital contributed by each
partner.

vi. Profit sharing ratio between the
partners.

FINANCIAL ACCOUNTING

(1a)
Share premium can be thought of as the difference between the par value of a company’s shares and the total amount a company received for shares recently issued.

(1b)
Loading

(1c)
Goodwill is an int angible asset that is associated with the purchase of one company by another.

3a.

A bank statement is a list of all transactions for a bank account over a set period, usually monthly. The statement includes deposits, charges, withdrawals, as well as the beginning and ending balance for the period

1a

Share premium can be thought of as the difference between the par value of a company’s shares and the total amount a company received for shares recently issued. For example, Company ABC has issued 300 shares of its stock. … Thus, the company has $4,500 in equity capital. Of this $4,500, only $3,000 is share capital…

1c.

Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill representation assets that are not separately identifiable.

MyScholarshipBaze

I love surfing the web and providing great information for my readers. I am an Editor At Myscholarshipbaze.com

View Comments

Share
Published by
MyScholarshipBaze

Recent Posts

Obong University Cut Off Point 2023

Obong University Cut-Off Point 2023 Session Obong University, Obong Ntak affirmation cutoff point for 2022/2023…

2 hours ago

Novena University Cut off Mark 2023

Novena University Cut-off Mark 2023 Session The administration of Novena University has finally approved the…

4 hours ago

Nile University of Nigeria Cut off Mark 2023

The Nile University of Nigeria Cut off Mark 2023 Session The Nile University of Nigeria,…

10 hours ago

Play the Right Mental Movies

Play the Right Mental Movies For I know the thoughts that I think toward you,…

15 hours ago

Mountain Top University Cut off Mark 2023

Mountain Top University Cut-off Mark 2023 Mountain Top University (MTU) Cutoff Point for the 2023…

17 hours ago

Micheal & Cecilia Ibru University Cut Off Mark 2023

Micheal & Cecilia Ibru University Cut Off Mark 2023 Session The school’s official Michael and…

20 hours ago