Examlex
Flatworms have complete digestive tracts.
Income-Sharing Ratio
The proportionate distribution of profit or loss among partners in a partnership according to their agreed percentages.
Net Assets
The total assets of a company or individual minus all its liabilities, representing the owners' or shareholders' equity.
Partnership Accounting
Partnership accounting refers to the process of recording and managing the financial transactions and accounts of a business partnership, including tracking investments, profits, losses, and distributions among partners.
Corporation Accounting
Accounting practices specific to corporations, including handling of equity, dividends, and corporate taxes.
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