Скачать или смотреть Drawings by partner | Partnership Adjustments Part 12 | Partnership Accounts class 12

Video discuss the accounting treatment of drawings by partners. Drawings in partnership accounts impacts the assets of the partnership firm.

Drawings by partners can be made either in cash or kind. Drawings in partnership firm can be made by either one or more partners.

Drawings made by a partner would be debited to his capital account.

This adjustment does not have any impact in the revaluation account as we are not revaluing any assets or liabilities.

The video covers the following points :

a) Meaning of drawings made by partners
b) Drawings by partners can be made either in cash or kind
c) How adjustment for drawings by partners written in question
e) Drawings by partner journal entry
f) Impact of drawings by partner in revaluation account
g) Impact of drawings by partner in partner capital account
h) Impact of drawing by partner in balance sheet

This is Part 12 of our series on Partnership Accounts Adjustments.

This video will be very helpful in understanding partnership accounts for class 12 accounts, ca foundation accounts, cma inter accounts, syllabus as well.

The students who are looking for partnership accounts class 12 notes will find these short explanatory videos extremely helpful in understanding the concepts and in their class 12 accounts revision for board exams.

Please see the complete playlist. It is getting regularly updated with more and more adjustments. It covers adjustments from chapters

1) Partnership accounts admission of a partner
2) Partnership accounts retirement of a partner
3) Partnership accounts death of a partner
4) Partnership accounts change in profit sharing ratio



[Link to playlist on partnership accounts adjustment] (   • Partnership Accounts Adjustments  )


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