Partnerships question
numberjunky
Registered Posts: 88 Regular contributor ⭐
When a partners leaves and all the due finances are calculated, if the partner
then leaves some money in the company in the form of a loan is this called a 'debenture'?? REF: Page 327 BPP Unit 5 FRA 'Paying off a retiring partner'
I remember the word from GCSE but it's not used in BPP - or am I just getting confused?
Cheers all.
Kev
then leaves some money in the company in the form of a loan is this called a 'debenture'?? REF: Page 327 BPP Unit 5 FRA 'Paying off a retiring partner'
I remember the word from GCSE but it's not used in BPP - or am I just getting confused?
Cheers all.
Kev
0
Comments
-
Debentures
OK - got my answer today. A debenture is a loan but it's relevant to Limited Companies.
Case closed.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership