Past Adjustments – Illustrations
A, B and C, are partners with capitals of ₹100,000, ₹200,000 and ₹300,000 respectively sharing …
Fundamentals of Partnership Accounting
12th Accountancy
Project Work in Accountancy
Annual Reports of 20 Companies for Project Work
12th Class students require Annual Reports of companies for completing their project work.
Fundamentals of Partnership Accounting
Capital Ratio – Ratio of Effective Capitals
Sometimes the Profit-sharing ratio is based on partners’ capitals which keep on changing with …
Fundamentals of Partnership Accounting
Fixed and Fluctuating Capital Accounts of the Partners
If partners decide to keep their capitals intact and same throughout the accounting year they prepare …
Admission of New Partner
New Profit Sharing Ratio on Admission
There is change in the profit sharing ratio of the existing partners also, depending on the partnership agreement.
Fundamentals of Partnership Accounting
Profit and Loss Appropriation Account
Profit and Loss Appropriation Account is a nominal account prepared for the purpose of distributing profits/losses …
Change in Profit Sharing Ratio
Change in Profit Sharing Ratio of Partners
Change in profit sharing ratio of partners involve sacrifice or gain made by the partners…
Fundamentals of Partnership Accounting
Partnership Deed
Partnership deed is a written agreement among the partners containing the terms and conditions …
General - Accountancy 12
Common Mistakes in Accountancy Exam Class 12
Most common mistakes made by the students attempting 12th Accountancy exam. have been mentioned here.
Project Work in Accountancy
Project Work in Accountancy Class 12
One specific project based on financial statement analysis of a company covering…