Fundamentals of Partnership | CA Foundation Accounts (A/C) Chapter no 8 | ICAI | Chandan Poddar

In this Video We Will Discuss Fundamentals of Partnership All Concepts, Problems and Examples for CA Foundation and CA Foundation Accounts Chapter no 8 has been Discussed by Chandan Poddar Sir for CA Foundation Grooming Education.

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Timestamps in this video:
00:00 Introduction.
00:26 Meaning of Partnership
06:00 Meaning of Fundamentals
09:05 Profit-Sharing Ratio
18:07 Interest on capital
24:54 Different Cases of Interest on Capital
28:54 Case 2 of Interest on Capital
38:32 Case 3 of Interest on Capital
48:52 Case 4 of Interest on Capital
55:34 Fixed capital and fluctuating capital
01:14:52 Would your answer be different if drawings are out of capital
01:18:01 Example of fixed capital
01:20:39 Interest on capital in case of losses
01:22:03 Int on capital in case of Insufficient Profits
01:24:23 Charge and Appropriation
01:27:57 Interest on drawing Case 1
01:30:04 Interest on drawing Case 2
01:37:16 Examples 2 of Interest on drawing
01:41:01 Examples 3 of Interest on drawing
01:45:34 Examples 4 of Interest on drawing
01:49:34 Examples 5 of Interest on drawing
01:57:36 Examples 6 of Interest on drawing
02:02:03 Examples 7 of Interest on drawing
02:05:27 Case 2 Other Cases of Interest on Drawing
02:15:42 Interest on capital charge on Out of capital or Out of profit?
02:119:05 Meaning of Past adjustments
02:20:55 Case 1 of Past adjustments
02:26:39 Example of Case 1
02:31:51 Case 2 of Past adjustments
02:40:30 Case 3 of Past adjustments
02:46:32 Case 4 of Past adjustments
02:57:06 Case 5 of Past adjustments
03:06:18 Case 6 of Past adjustments

Topics covered in this video:
Profit-sharing ratio
Allocation of firms profits in various forms
Interest on the capital case i
Interest on capital case ii
Interest on Capital case iii
Interest on Capital case iv
Interest on capital on fixed capital and fluctuating capital
Interest on capital in case of losses
Salary and commission to partner
Interest on drawing case i
Interest on drawing case ii
Interest on drawing case iii
Interest on drawing case iv
Interest on drawings exclusive video
Profit and loss appropriation journal entries
Profit and loss appropriation account
Guarantee of profits

The partnership is the relations between two or more persons who have agreed to share the profits of a business carried on by all or any one of them acting for all”

Features of Partnership
1. Two or more persons: There must be at least two persons to form a valid partnership. The maximum number of partners cannot exceed the number of partners prescribed by the Companies Act, 2013 which is 50 in any business whether banking or non-banking.

2. Agreement: Partnership comes into existence by an agreement (either written or oral among the partners. The written agreement among the partners is called Partnership Deed.

3. Existence of business and profit motive: A partnership can be formed for the purpose of carrying on legal business with the intention of earning profits.

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#CAFoundation #Fundamentalofpartnership #Accounts #Chapter5 #Partnership

[MRT]

Now I think I have paid unnecessary my tution fees.. You are mind blowing sir. ❤

[akashjsl]

I think this types of lectures helps a lot to ca aspirants🥰

[neelamleela]

Sir your lectures are so good & what a clarity Sir... hats off to your dedication...🌹🌹🙏🙌🙌

[aboy]

Ur vedio make the concept crystal clear 🤩😍🤩

[bivekofficial]

Sir i am watching from Nepal i found your video so crystal clear that i had wasted my 80k on purchasing courses in nepal

[tpitcmf]

i am shocked that 19k people saw but they didnt like it shame on u guys sir is doing such a great job but u cant like it

[yashiralam]

Thank you sir for this amazing, informative and worth-watching session...

[vishalsaifi]

Sir mene apka math ka course liya aur usme 1 month validity bachi hui h par videos nhi chl rhi

[yashdhingra]

sir mehngi se mehngi coaching khareed kar dekhli, par aap market ke best ho aur free mai education provide kar rahe ho!!!!

[sajithathomas]

thank you very much for the simply understanding amazing class....

[tufailasgharofficial]

Sir....your way of teaching is totally different from others.... ❣️❣️❣️

[shreetchaturvedi]

Sir your explanation are way too good ... Thanks

[priyanshagupta]

amazing video sir really helped me a lot and for all those students who are doing self studies

[Tanishatutorial]

Sir your lecture are very informative and i understand this very easily thank you sor for making this chapter so easy❤

[ShravaniYadav]

Sir in case of past adjustment case 4 you assumed profit 2, 00, 000, here we can take any amount?

[tufailasgharofficial]

Sir... Class 12th mein Economics aap se pdha 91 Marks aaye the.

Thanks Sir Jii... 🥰

[Cloudyloccay]

Sir?? F1 or F2 ka calculation working note me show krna padega ???

[sanjoorkhan]

Sach me bohot dr raha tha me is chapter se ab thoda acha lg raha hai ur teaching style so good sir god bless u sir ❤and thank u

[mohdhassan]

sir ye complete video to h nhi sir partnership accounts unit 1 pura cover hi nhi hua na aapne p&l appropriation btaya na gurantee wala aapne btaya lekin jitna btaya vo crystel clear ho gya sir mja aagya vese aap bta skte ho vo isme cover kyu nhi h ya koi aur video me vo cover h


btw thanks for supporting us sir love u sir dil se

[sonammksingh]

Sir is it completed whole chapter of partnership including introduction, goodwill, admission, retirement, and death..?