Accounting for Partnership : Basic Concepts | Guarantee of Profits | Problem 30 Solution | NCERT

#class12 #class12accounts #class12accountancy #ncert #ncertsolutions #ncertsolution #cbse #puc #partnership #telugu #telugueducationtips Abhay, Siddharth and Kusum are partners in a firm, sharing profits in the ratio of 5:3:2. Kusum is guaranteed ₹ 10,000 as her share in the profits. Any deficiency arising on that account shall be met by Siddharth. Profits for the years ending March 31, 2016 and 2017 are ₹ 40,000 and 60,000 respectively. Prepare Profit and Loss Appropriation Account. Accounting for Partnership - Basic Concepts Guarantee of Profit to the Partners Partners' Capital Accounts Partners' Current Accounts Fixed Capital Method Fluctuating Capital Method Partners Business Partners Firm Class 12 Accounts Intro: 00:00 Problem Statement : 00:26 Analysis : 01:30 Outro: 16:53 Additional problems on Accounting for Partnership : Basic Concepts, Guarantee of Profit to the Partners can be found at https://eduxir.com/curriculum/cbse/class-x... Class 12 Accountancy Books: https://amzn.to/3kMGdDX #SpecialAspectsOfPartnershipAccounts #SpecialFeaturesOfPartnershipAccounts #DistributionOfProfits #DistributionOfProfitsAmongParters #DistributionOfProfitsAmongTheParters #Partners #Partnership #Accounting #Accounts #Commerce #NCERT #CBSE #PUC #Class12 #MadeWithVideoscribe #WhiteBoard #WhiteBoardAnimation