Interest on Partner’s Loan | Partnership Accounting Fundamentals | Class 12 Accounts CBSE

Welcome to Simplified Accounts Studio 🙌 In this video, we explain Interest on Partner’s Loan in a simple, clear, and exam-oriented manner as per the CBSE Class 12 Accountancy syllabus. 🔹 Interest on Partner’s Loan is an important concept in Accounting for Partnership Firms – Fundamentals. It is treated as a charge against profits, not an appropriation of profit. This lecture helps you clearly understand its meaning, accounting treatment, and practical application in numerical problems. 🎯 Topics Covered in This Lecture ✔ Meaning of Partner’s Loan ✔ Difference between Interest on Capital and Interest on Partner’s Loan ✔ Why Interest on Partner’s Loan is a charge against profits ✔ Treatment in Profit & Loss Account ✔ Important CBSE exam points and common mistakes This video is highly useful for: • Class 12 CBSE students • Board exam preparation • Concept clarity for partnership accounting • Revision before exams Practice Assignments: https://drive.google.com/file/d/1XiF-... ________________________________________ 📚 Complete Class 12 Partnership Accounting Syllabus Covered on This Channel 📌 1. Accounting for Partnership Firms – Fundamentals • Partnership: Meaning & Features • Partnership Deed • Provisions of Indian Partnership Act, 1932 • Fixed vs Fluctuating Capital Accounts • Profit & Loss Appropriation Account • Interest on Capital • Interest on Drawings • Interest on Partner’s Loan (Charge against Profits) • Partner’s Salary • Guarantee of Profits • Past Adjustments 📌 2. Goodwill: Nature and Valuation • Meaning & Nature of Goodwill • Factors Affecting Goodwill • Methods of Valuation: o Average Profit Method o Super Profit Method o Capitalization Method 📌 3. Reconstitution of Partnership • Change in Profit Sharing Ratio • Sacrificing Ratio & Gaining Ratio • Revaluation of Assets & Liabilities • Treatment of Reserves & Accumulated Profits • Preparation of Revaluation Account & Balance Sheet 📌 4. Admission of a Partner • Effect on Profit Sharing Ratio • Treatment of Goodwill (AS-26) • Revaluation of Assets & Liabilities • Adjustment of Capital Accounts • Preparation of Balance Sheet 📌 5. Retirement / Death of a Partner • Effect on Profit Sharing Ratio • Treatment of Goodwill (AS-26) • Adjustment of Reserves & Accumulated Profits • Retiring Partner’s Loan Account • Deceased Partner’s Capital Account • Executor’s Account • Calculation of Profit till Date of Death 📌 6. Dissolution of Partnership Firm • Types of Dissolution • Realization Account • Partner’s Capital Accounts • Cash/Bank Account • Important CBSE Notes on Realization ________________________________________ ▶ Related Videos Available on Simplified Accounts Studio • Interest on Capital – Partnership Accounting • Interest on Drawings – Class 12 CBSE • Profit & Loss Appropriation Account (Full Chapter) • Fixed vs Fluctuating Capital Accounts • Past Adjustments in Partnership • Goodwill Valuation Methods • Admission of a Partner – Complete Chapter • Retirement & Death of a Partner • Dissolution of Partnership Firm 📢 Subscribe to Simplified Accounts Studio for clear explanations, exam-focused lectures, and complete Class 12 Accountancy coverage. ________________________________________ #InterestOnPartnersLoan #PartnershipAccounting #Class12Accountancy #CBSEAccounts #SimplifiedAccountsStudio