Accounting for Partnership Firms – Capital Accounts, Fixed vs Fluctuating Method | CBSE Class 12

Описание: Welcome to Simplified Accounts Studio!
In today’s lecture, we start the first chapter of Accounting for Partnership Firms (Fundamentals)—a scoring topic for CBSE Class 12 Accountancy.
Practice Assignments:
https://drive.google.com/file/d/1XiF-...
This video explains partnership basics in the most simple and practical way. You will learn:
✔️ Partners’ Capital Accounts
• Meaning & format
• Capital balances tracking
✔️ Fixed Capital vs Fluctuating Capital Method
• Difference
• Journal entries
• Practical illustrations
✔️ Profit & Loss Appropriation Account
• Division of profit among partners
• Interest on capital
• Interest on drawings
• Salary & commission
✔️ Numerical Question Practice
• Step-by-step solutions for exams
This topic is extremely important as it forms the base for upcoming chapters like Goodwill, Revaluation, Admission, Retirement, Death, and Dissolution of Partnership Firms.
If you are preparing for CBSE, ISC, State Boards, or B.Com fundamentals, this series will help you score high marks with 100% clarity.
📚 Course Playlist Coming Soon:
1. Accounting for Partnership Firms – Fundamentals
2. Goodwill: Nature and Valuation
3. Reconstitution of Partnership
4. Admission of a Partner
5. Retirement/Death of a Partner
6. Dissolution of a Partnership Firm
👉 Subscribe to Simplified Accounts Studio for more lectures, question banks, PYQs, and chapter-wise numerical practice!
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🎯 Related Video Ideas / Playlist Topics
You can add these as future video uploads for ranking:
• Guarantee of Profit to Partners
• Past Adjustments (Interest on Capital / Drawings / Salary)
• Average Profit Method of Goodwill
• Super Profit and Capitalization Method
• Sacrificing Ratio & Gaining Ratio
• Revaluation Account – Full Format + Numericals
• Admission of Partner Problems
• Retirement of Partner Numericals
• Deceased Partner’s Capital Account
• Executor’s Account
• Realization Account
• CBSE PYQs on Partnership
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