Partnership Accounts/Accounting - Study Notes
Study Notes
- Partnership - Definition, Features, Partner, Firm, Firm Name
- What do we account for? In what way is it different?
- Profit and Loss Appropriation
- Partnership Deed - Relationship between Partners
- Profit Sharing Ratio, Interest on Capital and Drawings,
Commission before & after Charging - Fixed, Fluctuating Capitals; Partners Current Accounts
- Guarantees made by/to one or more partners
- Past Adjustments - Re appropriations
- Past Adjustments - Error Rectifications
- more ... not yet ready