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Introduction To Partnership | Accounting For Partnership Class 12 Accounts CH - 1
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In this video I have discussed Introduction to Partnership | Accounting for Partnership Class 12 Accounts Ch 1, partnership accounts class 12 covers partners capital account and current account, partnership means business activity by two or more persons for earning profit. Indian partnership act 1932 is applicable for partnership accounting, partnership math is based on its theory. we will cover partnership fundamentals class 12 based on the accounting provisions as per the partnership act. partnership act 1932 states the highest number of partners that is 50 and minimum 2, partnership business is started with an agreement which is called partnership deed. partnership deed contains all the details about capital contribution address interest salary of partners, the concept of limited partnership is not available because the partnership is with unlimited liability, general partnership rules are it should have mutual agency, partnerships do not exist without sharing of business profits, partnership accounts, capital of partnership firm is contributed by its partners, partnership accounting contains 30 marks, accounting for partnership includes admission dissolution and death of partners, partnership accounting follows partnership act 1932, partnership accounts class 12 is the first chapter, partnership business, accountancy class 12th project is for 20 marks, partnership accounts class 12 theory part is very important for solving the problems, accountancy class 12th share capital, partnership accounts class 12 revision, Nature of Partnership is different from proprietorship,partnership accounts class 12 practical questions from next videos, follow commerce cognition for more updates for class 11 and class 12, and informative topics.#class12 #accountancy #hs2024 #commercecognition
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CLASS 12TH ALL PlayList (বাংলা ভাষায়): 📢
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Thanks to all Students for your love and support, Please Like and Share.
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CLASS 12TH ALL PlayList (বাংলা ভাষায়): 📢
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Follow me on
Thanks to all Students for your love and support, Please Like and Share.
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