22. Prepare a chart of the accounts of a small trading business conducted by a partnership. Explain this chart.

23. Prepare a chart of the accounts of a manufacturing business making three classes of goods.

24. What are the principal characteristics of a chart of accounts of a manufacturing business?

25. Using the above manufacturing chart, explain how profits are traced from group to group until they reach the surplus account.


INDEX

A

Acceptances, [56]

definition of, [11]