Accounting for Partnership Firms Fundamentals | Profit & Loss Appropriation A/c | Class 12 CBSE

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In this video, we explain Accounting for Partnership Firms – Fundamentals as per the Class 12 CBSE Accountancy syllabus. This lecture helps students clearly understand the basic concepts of partnership accounting with simple explanations and exam-oriented coverage.
🔹 Topics Covered in This Video:
• Meaning of Partnership
• Features of Partnership
• Partnership Deed
• Profit and Loss Appropriation Account
• Distribution of Profits among Partners
• Interest on Capital
• Interest on Drawings
• Partner’s Salary and Commission
• Numerical Question on Profit & Loss Appropriation Account
This video is ideal for Class 12 CBSE students, school exams, and board exam preparation. Concepts are explained step by step with a numerical example to build strong fundamentals.
Practice Assignments:
https://drive.google.com/file/d/1XiF-...
📌 Course Coverage on This Channel – Accounting for Partnership Firms (Class 12 CBSE):
1️⃣ Accounting for Partnership Firms – Fundamentals
2️⃣ Goodwill: Nature and Valuation
3️⃣ Reconstitution of Partnership
4️⃣ Admission of a Partner
5️⃣ Retirement / Death of a Partner
6️⃣ Dissolution of a Partnership Firm
📚 Detailed Syllabus Covered Across the Playlist:
• Partnership: Meaning, Features & Deed
• Provisions of Indian Partnership Act, 1932
• Fixed vs Fluctuating Capital Accounts
• Profit & Loss Appropriation Account
• Guarantee of Profits and Past Adjustments
• Goodwill: Nature, Factors & Valuation Methods
• Change in Profit Sharing Ratio
• Revaluation of Assets & Liabilities
• Admission, Retirement & Death of a Partner
• Dissolution of Partnership Firm
• Realisation Account and Capital Accounts
👉 Watch the full playlist on Accounting for Partnership Firms to master Class 12 Accountancy.
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