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AMIGA VIDYAPEETH 20172018 SUMMER VACATION WORKSHEET Std. Subject Accountancy1. List two items that may appear on the credit side of partners fixed capital account.(1)2. Ajay and Naveen are partners
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What is subject accountancy?
Subject accountancy is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization.
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Businesses, organizations, and individuals that engage in economic activities are required to file subject accountancy.
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Subject accountancy can be filled out by recording all financial transactions, organizing them into relevant categories, and preparing financial statements.
What is the purpose of subject accountancy?
The purpose of subject accountancy is to provide accurate financial information to stakeholders for decision-making, control, and planning purposes.
What information must be reported on subject accountancy?
Information such as revenue, expenses, assets, liabilities, and equity must be reported on subject accountancy.
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