Differentiate between non profit making organizations and profit making organizations

Analyze the difference in similarities between their financial statements

Outline the steps in preparing a receipt and payments account.

Outline the various forms of income that is needed for special treatment

State five responsibilities of a treasure

Explain two reasons for new partners to enter a business

What is the meaning of good will

Describe two reasons why payment for good will is made

Show the calculation for the value of good will using at least two methods

Show hope the adjustment for good will is made in a partnership account