Скачать или смотреть Joint Life Policy | Death of partner |Special Transactions | Class 12 & CA Foundation

In this video, we introduce the concept of Joint Life Policy — a key special transaction in Partnership Accounts. This policy is taken by a firm to safeguard against the financial impact of a partner’s death. Learn the purpose, accounting treatment, and types of Joint Life Policy accounts with simple explanations and examples.

This topic is relevant for both Class 12 Accountancy and CA Foundation students. We'll cover:
1.What is a Joint Life Policy?
2.Why do firms take it?
3.Types of accounting treatments
4.Impact on partner’s capital and firm’s financials

Timestamp👇
0:00 Introduction
0:10 Practice question and answers
56:00 Special transaction in case of death : Joint life policy
58:27 Practice question and answers

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