1. Trial balance analysis, income statement preparation, depreciation straight line method, irrecoverable debts, allowance for doubtful debts, accruals and prepayments

2. Partnership formation evaluation, advantages and disadvantages, shared responsibility, increased capital, decision-making complexities, unlimited liability

3. Appropriation account, interest on capital, interest on drawings, partner’s salary, profit-sharing ratio, current account balancing

4. Debit balance reasons, excess drawings, insufficient profit allocation, partner’s current account management, negative balance explanation, financial discipline

5. Profitability ratios, gross profit percentage stability, net profit margin increase, return on capital employed decrease, financial performance evaluation, partners′ perception accuracy

6. Working capital impact, non-current asset transactions, credit sales, inventory management, cash flow effects, owner withdrawals