Basic Concept of Statement of Financial Position for Partnership Account

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In this video lesson, I will teach you balance sheet of partnership account. This video will also feature statement of financial position for partnership account in 2021. It is very important to have basic concept of statement of financial position for partnership account. Understanding Statement of Financial Position for Partnership Account is a must for all students. This is a very common question in almost all Accounting Curriculums, for example, Cambridge IGCSE, O Level, As Level, A Levels, IB, CBSE, GCE, Edexcel, and other National and International Accounting Syllabuses. Accounting Celebrity features accounting lessons for High School and College students which is a convenient way to learn Accounting with VIDEO LESSONS.

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TIMESTAMPS--
00:00 Intro
00:42 Question description
01:39 Non current assets
04:48 Current assets
06:50 Capital and liabilities
08:07 Current liabilities
08:57 Balancing
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