Concept Of P&L Appropriation A/c, Interest on Capital & Drawing || Easy Tips & Tricks To Remember

*🔔 Welcome to “Commerce with Ashutosh”* In this video The Fundamentals of Partnership Firm covers the essential concepts and principles governing partnerships in business & types & characteristics of partnerships & highlighting their significance in the business landscape. Students will learn about: 1. *Definition and Characteristics of a Partnership:* Understanding what constitutes a partnership. Key features such as mutual agency, shared profits, and joint liability. 2. *Types of Partnerships:* *General Partnership:* All partners share responsibilities and liabilities. *Limited Partnership:* Involves both general and limited partners, with limited partners having restricted liability. 3. *Rights and Duties of Partners:* Understanding the rights partners hold in decision-making and profit-sharing. Duties and obligations towards each other and the partnership. 4. *Profit Sharing Ratio:* How profits and losses are shared among partners. The impact of changes in profit-sharing ratios on existing partners. 5. *Partnership Deed:* Importance of a partnership deed in outlining terms of the partnership. Key components such as duration, capital contributions, and dispute resolution methods. This subject equips students with a comprehensive understanding of how partnerships operate, preparing them for real-world business scenarios and fostering an appreciation for collaborative enterprise. *📢 Don't forget to:* Like this video if you found it helpful! Comment below with your thoughts or questions! Subscribe for more content like this! *🌐 Follow me on social media:* Instagram: https://www.instagram.com/caashutoshs... Thanks for watching! Your Queries :- fundamentals of partnership accounting for partnership firms fundamentals of partnership class 12 fundamental of partnership accounting for partnership firms fundamentals fundamentals of partnership one shot fundamental of partnership class 12 class 12 partnership fundamentals class 12 fundamentals of partnership partnership basics partnership fundamental class 12 fundamentals of partnership class 12 one shot profit and loss appropriation account profit and loss appropriation account class 12 profit and loss appropriation profit and loss appropriation accounts profit and loss appropriation account journal entries appropriation account interest on capital interest on capital class 12 calculation of interest on capital interest on capital in hindi interest on capital for class 12 Intrest on capital interest on capital interest on drawing interest on drawings class 12 interest on drawings interest on drawings product method interest on drawing calculation interest on drawings formula past adjustment past adjustment class 12 past adjustments class 12 chapter 1 adjustment entry past adjustments fundamentals of partnership past adjustment concept past adjustment solutions concept of past adjustment adjustment table class 12 accounts fundamentals partnership firm partnership deed partnership agreement partnership deed agreement what is partnership firm Intrest on Drawing business partnerships Intrest on Capital partnership firm vs pvt ltd company 50 50 partnership partnerships in business limited partnership #fundamentalsofpartnershipclass12 #pastadjustmentsclass12chapter1 #class12accountschapter1oneshot # fundamental of partnership