Скачать или смотреть JLP & JLP Reserve Account Explained with Surrender Value | Practical Sum for B.Com | Lal Bal Pal

In this video, we are solving a practical problem on Joint Life Policy (JLP) in Partnership Accounts. This sum is particularly important because it covers:

JLP maintained at Surrender Value.

Preparation of the Joint Life Policy Reserve Account.

Accounting treatment upon the Death of a Partner (Partner Z).

Distribution of the claim amount (including bonus) among partners in their Profit Sharing Ratio (2:2:1).

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