Profit & Loss Appropriation A/c [Fundamental of Partnership #2]
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This is the 2nd lecture of chapter-1 of Class 12 (Fundamentals of Partnership Firm). In this lecture I have explained the following topics:
1. Revision of Topic discussed in previous class.
2. One more question based on without partnership agreement.
3. Way of solving questions when partnership agreement is made.
4. Solution of a problem in which partnership agreement is made.
5. Formation of Journal Entries.
6. An elementary discussion on Partner’s Capital A/c.
In the upcoming lectures I will solve few more type of practical problems based on preparation of Profit and Loss Appropriation Account and discuss in detail about Partners Capital Accounts.
Student can download notes of this chapter from the link given below for complete and better understanding of all the concept and procedures :
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