Accounting for Partnership : Basic Concepts | Past Adjustments | Problem 43 Solution | NCERT

#class12 #class12accounts #class12accountancy #ncert #ncertsolutions #ncertsolution #cbse #puc Anju, Manju and Mamta are partners whose fixed capitals were ₹ 10,000, ₹ 8,000 and ₹ 6,000, respectively. As per the partnership agreement, there is a provision for allowing interest on capitals @ 5% p.a. but entries for the same have not been made for the last three years. The profit sharing ratio during there years remained as follows: Year Anju Manju Mamta 2016 4 3 5 2017 3 2 1 2018 1 1 1 Make necessary and adjustment entry at the beginning of the fourth year i.e. April 2019. Accounting for Partnership - Basic Concepts Past Adjustments Partners' Capital Accounts Partners' Current Accounts Fixed Capital Method Fluctuating Capital Method Partners Business Partners Firm Class 12 Accounts Partnership Fundamentals Intro: 00:00 Problem Statement : 00:25 Analysis : 01:38 Outro: 18:32 Additional problems on Accounting for Partnership : Basic Concepts, Guarantee of Profit to the Partners can be found at https://eduxir.com/curriculum/cbse/cl... Class 12 Accountancy Books: https://amzn.to/3kMGdDX #SpecialAspectsOfPartnershipAccounts #SpecialFeaturesOfPartnershipAccounts #DistributionOfProfits #PastAdjustments #DistributionOfProfitsAmongParters #DistributionOfProfitsAmongTheParters #Partners #Partnership #Accounting #Accounts #Commerce #NCERT #CBSE #PUC #Class12 #PartnershipFundamentals #MadeWithVideoscribe #WhiteBoard #WhiteBoardAnimation