The difference between a trading account and a manufacturing account is that while the manufacturing account

An income and expenditure account is a summary of

Additional information :
1: 1: 93 31 : 12 : 93
N N
Subscription in arrears 300 450
Furniture 7000
Subscription received
in advance 500 400
Rate owing 50 60

Subscription relating to the accounting year 1993 in the income and expenditure account is

Accumulated fund on 1st January 1993 is

On partnership dissolution, if a partner's capital account has a debit balance and the partnr is insolvent, the deficiency will, in accordance with the decision of the case of Garner v Murray, be