Statement of Changes in Equity for Partnership | FULL EXAMPLE

In this accounting lesson, we explain what the statement of changes in equity for partnerships is and that it is different for a partnership, close corporation, companies, and a sole trader. We go through an entire example of completing the statement of changes in equity for partnership. We go through items such as the appropriation account, opening balance of capital and current accounts, interest on current accounts, interest on capital, interest on drawings, drawings among other items. We also explain how to calculate the partners' profit share.

Check out other straight-forward examples on our channel.

We also offer one-on-one tutorials at reasonable rates.

Connect with us:

[kolisanglitsoane]

You are the best. Thank you for all your work.

[corliahugo]

you really help me a lot with your videos, writing exams in 2 weeks and i feel less stressed watching your videos and explanations

[miyelanimathebula]

You are a great lecturer. Your video was very helpful, thank you.

[NomqheleButhelezi]

You're explaining it better than my lecturer. Thank you so much

[sithabisomthethwa]

Thank you so much for this, you made it very easy to understand

[khanyisadyala]

I'm defiantly subscribing you are good- I managed to finish my assignment and all thanks to your work. you good.

[khutsomadubanya]

Thank u so much I now understand this God bless

[makhotsomahlatsi]

You are an amazing teacher, bra. Thank you for this.

[pimpmobile]

Love your work you are a real life saver

[asipheasiphile]

WOW, I HAVE NO WORDS! THANK SOO MUCH!

[NomaM]

Thank you much, this helped my understanding tremendously..

[biancakru_]

THANK YOU! you are simply the best. I follow all your videos and hope to pass!

[abbigaylewessels]

This was such a helpful video, thank you so much :)

[thembisylviakhumalo]

This is very helpful, thank you so much

[tobechukwuchimezie]

Thank you for explaining this clearly.

[thegreatiam]

Thank you so much. It makes so much sense

[mbaligranny]

Thank you thank you thank you, you've really happened me

[miltonflusk.]

How would I record the changes in Changes in equity by way of transactions with the partnerships

[khutsomadubanya]

Thank u soo much I understand this unit

[olwethuphewa]

Probably late to ask this, should the balance on the current account be on the debit side. Does it affect the final balance to be negative as well or we treat it to be the same as positive and just add on top of it?