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Chapter 1

Accounting for Partnership Firms – Fundamentals

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Accounting for Partnership Firms – Fundamentals

Class 12 Accountancy Chapter 1

  • By Ashish Giri

What you will learn in this lesson

  • Partnership Deed & Provisions
  • Profit and Loss Appropriation Account
  • Interest on Capital and Drawings
  • Fixed vs Fluctuating Capital Accounts
  • Guarantee of Profit
  • Past Adjustments

Topics in this Chapter (6)

  1. 1Partnership Deed & Provisions
  2. 2Profit and Loss Appropriation Account
  3. 3Interest on Capital and Drawings
  4. 4Fixed vs Fluctuating Capital Accounts
  5. 5Guarantee of Profit
  6. 6Past Adjustments

Lectures for this chapter are being recorded. The notes cover every topic above.

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Up next: Change in Profit Sharing Ratio

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