Partnership Fundamentals| T S Grewal 2024| Class12 Accounts| Ch 1 Q 52| Profit & Loss Appropriation

Partnership Fundamentals| T S Grewal 2024| Class12 Accounts| Chapter 1 Q 52| Profit & Loss Appropriation Account@learnwithease In this video you will learn about accounting for partnership firms. This is chapter 1 Class 12 Accountancy from T.S. Grewal Class12 Accounts book. In this you will understand Profit and Loss appropriation A/c kya hai Profit and Loss appropriation A/c kaise banaye Profit and Loss appropriation A/c Class 12 Accounts Drawings Against Profit And Drawings Against Capital Difference between Drawings Against Profit And Drawings Against Capital Interest on Capital to Partners Practical problems of Profit and Loss appropriation A/c T S Grewal Profit and Loss appropriation A/c T S Grewal Partnership Fundamentals Profit and Loss appropriation A/c C A Profit and Loss appropriation A/c B Com Profit and Loss appropriation A/c 12th Class Fluctuating Capital account Solution of Practical Question 52 Chapter 1 Class 12 T S Grewal Accounts A and B are partners sharing profits and losses in the ratio of 3:1. On 1st Apr. 2023, their capital were A Rs.500000 and B Rs.300000. During the year ended 31st Mar. 2024 the firm earned a net profit of Rs.500000. The terms of partnership are: Interest on capital is to be allowed @ 6% p.a. A will get commission @2% on net sales. B will get salary of Rs.5000 per month. B will get commission of 5% on profits after deduction of all expenses including such commission. Partners drawings for the year were A Rs.80000 and B Rs.60000. Net sales for the year was Rs.3000000. After considering the above facts, you are required to prepare Profit and Loss Appropriation Account and Partner’s capital A/c What is partnership firm? What are the conditions to form a partnership firm? What are the characteristics or features of partnership firm What is partnership deed? How profits are distributed among partners in absence of partnership deed? What is LLP? What is the difference between partnership and limited liability partnership? #partnershipfundamentals #partnershipfundamentalsclass12 #partnershipfundamentalstsgrewalclass12 #tsgrewal2024solutions #tsgrewal2024volume1partnership #tsgrewal2024partnershipsolutions #fundamentalsq52 #q52fundamentals #tsgrewal2024partnershipfundamentalsq52 #solutionsoftsgrewalclass12accounts #tsgrewalclass12accounts #question52chapter1partnershipfundamentals #partnership #partnershipfirms #accountingforpartnershipfirm #accountingforpartnershipfirmsclass12accountancy #class12 #accounts #ch1class12accounts #finanancialstatementsofpartnershipfirms #profitandlossappropriationaccount #q52ch1 #q52aandbch1partnershipfundamentals #aandbprofitandlossappropriationaccountpartnershipfundamentals #q52ch1tsgrewal #profitandlossappropriationaccountpartnershipfundamentals #solutionofquestion52chapter1class12accountantancydkgoel #solution52ch1class12accounts #solutionsofch1partnershipfirmq52 #question52withsolutionofch1accounts #q52class12partnershipfirms #profitandlossaccount #profitsharingratio #partnershipclass12 #class12ch1accountancy #solutionsofdkgoelclass12accountancy #solutionsofpartnershipaccountingch1class12dkgoel #partnershipaccounts #partnershipaccounting #solutionsofdkgoel #solutionsofpartnershipch1 #partnershipdeed #financialstatementsofpartnershipfirms #partnerscapitalaccount #cashbook #journalentries #brsclass11 #npoclass12 #npo #financialstatementsclass11accounts #rectificationoferror #accountancyclass12ch1 #accountsclass12ch1 Playlist of Partnership Fundamentals    • Partnership Fundamentals, Ch1 ,T S Grewal,...