Partnership accounting part one,that is nature of partnership
In this part we''ll learn about aspect of partnership account
we learn about profit and loss of appropriation account
The balance sheet of a company that operates as a partnership has the same basic outline as the balance sheet of a corporation. Both types have three sections: assets, liabilities and equity. By definition, both types must balance: The assets must equal the liabilities plus the equity.
Kimbweta is an online education marketplace where students can learn from their peers/experts who are the best in topics through notes ,video tutorials video tutorials, questions & answers together with private tutoring. Instructors can sell their skills & material.