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.

Statement of Changes in Equity | Sole Trader | Explained with Example:    • Statement of Changes in Equity | Sole...  

Current Account (General Ledger) for Partnership | Full Example:    • Current Account in Partnership (Gener...  

Valuation Account | Partnership | Valuation Adjustments Example:    • Valuation Account | Partnership | Val...  

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