Скачать или смотреть Class 12 Accountancy| Part 3 | Accounting for partnership firm and fundamental | ts grewal book

Class 12 Accountancy – Chapter: Accounting for Partnership Firms – Fundamentals (Part 3)
🎓 Topics: Partnership Deed vs Indian Partnership Act, 1932 & Liabilities of Partners | Based on TS Grewal | Easy and Detailed Explanation

Welcome to another informative and student-friendly video of Class 12 Accountancy!
In this video, we dive deeper into Chapter 1 – Accounting for Partnership Firms: Fundamentals, focusing on two crucial topics:

🔹 Difference between Partnership Deed and Provisions of the Indian Partnership Act, 1932
🔹 Liabilities of Partners

This content is strictly based on the latest CBSE syllabus and TS Grewal’s Accountancy book, which is widely recommended for board exam preparation.

✅ What You’ll Learn in This Video:

🔸 What is a Partnership Deed?
🔸 Why is a Partnership Deed important?
🔸 What happens when there is no partnership deed?
🔸 Provisions of the Indian Partnership Act, 1932 that apply in absence of a deed
 – Profit-sharing ratio
 – Interest on capital and drawings
 – Salary or remuneration
 – Interest on loan
🔸 Meaning and types of Liabilities of Partners
 – Unlimited liability
 – Joint and several liability
 – Liability of an incoming and outgoing partner
 – Liability in case of fraud or loss
🔸 Easy examples and tips to remember key points

🎯 Why This Topic is Important for Students?

Understanding the difference between a partnership deed and the default rules under the Indian Partnership Act is essential for solving practical problems and theory questions in exams.
Also, knowing the liabilities of partners helps students understand the legal and financial responsibilities each partner carries in a firm. These concepts form the base for advanced topics like admission, retirement, or death of a partner.

👨‍🎓 Ideal For:

✔️ Class 12 CBSE Commerce Students
✔️ TS Grewal Book Users
✔️ Partnership Accounting Beginners
✔️ Board Exam Preparation
✔️ Revision before tests

📌 Related Videos You Can Watch Next:

🔹 Features of Partnership & Rights of Partners
🔹 Profit and Loss Appropriation Account
🔹 Capital Accounts of Partners
🔹 Goodwill in Partnership

🔍
Class 12 Accountancy
Partnership Deed vs Partnership Act
Liabilities of Partners Class 12
Indian Partnership Act 1932 Provisions
TS Grewal Class 12 Solutions
Accounting for Partnership Firms
Accountancy Chapter 1 Fundamentals
Class 12 Commerce Partnership
Unlimited liability in partnership
Rules in absence of partnership deed
TS Grewal Partnership Deed Explained
Liabilities of Partners Simple Explanation
CBSE Class 12 Partnership Accounting
Class 12 Accountancy Theory Topics

📢
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