|Accounting for partnership firms|Class12|CBSE|Competency based|Accounts|JAY, VIJAY& karan TsGrewal|

|Accounting for partnership firms|Class12|CBSE|Competency based|Accounts|JAY, VIJAY& karan TsGrewal|
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📚 Welcome to your ultimate guide on *Accounting for Partnership Firms* tailored for Class 12 CBSE students! 🚀Join our dynamic trio, Jay, Vijay, and Karan TsGrewal, as they break down the essentials with a competency-based approach that makes complex concepts easy to grasp. Learn how profits are divided, how to draft necessary financial statements, and the significance of partnership agreements. Based on the latest CBSE curriculum, this video is designed to boost your grades while enhancing your understanding of accounting principles. Don’t miss out! 🔔 Hit subscribe and turn on notifications for more expert insights! #CBSE #Accounting #PartnershipFirms
Jay, Vijay and Karan were partners of an architect firm sharing profits in the ratio of 2 : 2 : 1. Their partnership deed provided the following :
(i) A monthly salary of Rs. 15,000 each to Jay and Vijay.
(ii) Karan was guaranteed a profit of Rs. 5,00,000 and Jay guaranteed that he will earn an annual fee of Rs. 2,00,0(X). Any deficiency arising because of guarantee to Karan will be borne by Jay and Vijay in the ratio of 3 : 2. During the year ended 31" March, 2018 Jay earned fee of Rs. 1,75,000 and the profits of the firm amounted to Rs. 15,00,000.
Showing your workings clearly prepare Profit and Loss Appropriation Account and the Capital Account of Jay, Vijay and Karan for the year ended 31st March, 2018.
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[@ENTERTAIN-6871]

Nice Teaching 👍😊

[@Madamwow1234]

The answer for capital account for 1 st partner who is jay will be 460800 pls correct it thanks

[@SukhnaChoudhary]

Ma'am the answer of bal. C/d will be 460800

[@Madamwow1234]

Yes the answer will be 460800 my dear students

[@monikaallaghbakashi3055]

Madam wow, jaspreet ki mummy ki poori kahani ka video kab daloge.. Public waiting for it

[@Madamwow1234]

Yeh educational channel hain yaha ab yeh sab nahi ayega!
Jerry ke channel par dalogi

[@Madamwow1234]

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