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Lisa [10]
1 year ago
9

During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital acco

unt at the point of final cash distribution.
Business
1 answer:
photoshop1234 [79]1 year ago
7 0

During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital account at the point of final cash distribution, which means that debit ( deficiency means partner has debit in capital).

<h3><u>What is liquidation of capital ?</u></h3>
  • In the fields of finance and economics, liquidation refers to the process of closing down a firm and distributing its assets among claimants.
  • It is an occurrence that typically takes place when a business is bankrupt, or unable to make its debt payments on time.
  • As business activities come to an end, the residual assets are distributed to shareholders and creditors according to the order of priority of their claims. General partners might be dissolved.
  • The sale of subpar goods at a price below what it would cost the company to produce them or below what the company would want to charge is referred to as "liquidation."

To view more questions on Liquidation, refer to: brainly.com/question/23987428

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krek1111 [17]

Answer:

AND

Explanation:

AND condition is used when we need to check for the condition in which both the given conditions are satisfied.

Here from the statements provided in the question, it can be observed that the vendor must have offices in both the cities  i.e the condition should be followed that the vendor has the office in one city AND the other city.

3 0
3 years ago
North america is about 80% urbanized. this mean that about 75% of north american
777dan777 [17]
<span>North america is about 80% urbanized. this mean that about 75% of north american people live in cities. also the population is very less compared to the land area. May be people would prefer to live in urban areas rather living in rural or forest areas. this condition is helpful in preserving forest and natural resources. the only problem is the quality of living in urban areas will be poor compared to rural areas.</span>
8 0
2 years ago
Even though Carol shows sociability aggression apathy , she lacks responsibility self-esteem honesty
Blizzard [7]
Sounds like she needs a meeting with her supervisor and hr director. Any privilege of being paid comes with responsibility to the job role and team members, where she'll be held accountable for her deliverables by her boss.
8 0
3 years ago
A _____________ is a company that has a proven business model and is willing to sell the rights to use the business model to oth
scoundrel [369]

Answer: Franchise

                       

Explanation: In simple words, a franchise refers to an arrangement under which one entity allows other entity to use its business models, procedures and intellectual properties etc, in return of any loyalty or other such benefit.

This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.

Hence from the above we can conclude that the correct answer is franchise.

6 0
3 years ago
A post-closing trial balance should be prepared
yanalaym [24]

Answer:

<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>

Explanation:

In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.

7 0
3 years ago
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