Partnership And Corporation Accounting By Rafael Lopez Pdf -

If you find a recent PDF (e.g., 2020–2024 edition), Lopez includes updated sections on:

At the end of each chapter (e.g., "Liquidation - Lump Sum"), there are 10–15 comprehensive cases. These mirror actual CPA board exam questions. The PDF allows you to print specific pages for re-work. partnership and corporation accounting by rafael lopez pdf

This section deals with the formation, operation, and eventual closing of a partnership. If you find a recent PDF (e

Unlike partnerships (which have drawing/capital accounts), corporations have: Lopez provides detailed journal entries for par value,

Lopez provides detailed journal entries for par value, no-par value, and watered stock.

Lopez excels here by distinguishing between a purchase of interest (transaction between partners, no asset change) and investment of new assets (assets and capital increase). He covers the tricky concept of asset revaluation when a new partner pays a bonus to enter.

Rafael M. Lopez, Jr. is a distinguished figure in Philippine accounting academia. A Certified Public Accountant (CPA), he has extensive experience in both teaching and practice. His authorship is characterized by a practical, problem-oriented approach, ensuring that students not only memorize rules but understand the logic behind accounting entries. His works are considered staples in the review courses for the CPA Licensure Examination.