Financial State...

In case of insolvency of a partner, any balance in reserve fund or profit and loss accounts is distributed to all the partners ______________.

In the absence of an agreement to the contrary, the partners _________________.

The interest on partners capital accounts is to be credited to _______________.

In the absence of an agreement to the contrary,  ___________________.

 Amount realization from the sale of private estate of partners is used first to pay off ___________________.

' Taxes owned but payable in the following period' should be classified as __________________.

The debts written off as bad, if subsequently recovered are credited to __________________.

Life insurance premium received by an insurance company' should be classified as _______________.

'A three years premium paid on a fire insurance policy' should be classified as _______________.

When item is shown on the debit side of a trial balance?