Class 12 Accounts (CBSE/ICSE)

Profit and Loss Appropriation A/c

What is Profit and Loss Appropriation A/c Profit and Loss Appropriation Account is a nominal ledger account that records the allocation of net profit or loss among partners in a partnership firm. In a partnership, the profits or losses are distributed among partners according to the agreed terms as per the partnership agreement. Items in […]

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Provisions applicable in the absence of partnership Deed

What is Partnership Partnership is an association between two or more persons who agree to do business and share profits and losses What is Partnership Deed It is pertinent to note that the partnership can be formed either by an oral or a written agreement among the partners. Partnership Deed is a written document which

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T S Grewal Solutions – 2023-2024 – Partnership Accounts – Fundamentals – Ques Nos 41 to 50

For English Users Hello! Explore the helpful solutions for Accounts Class 12 focusing on Partnership Accounts – Fundamentals. Here you’ll find clear explanations and answers to questions 41 to 50 .The solutions are aligning with the CBSE/ICSE/State Boards curriculum for 2023-2024. Whether you’re student or a teacher, these solutions are here to assist you. Go

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