DISSOLUTION OF PARTNERSHIP FIRM (INTRODUCTION ) ll CLASS 12TH ACCOUNTANCY ll COMMERCE UNLOCKED скачать в хорошем качестве

DISSOLUTION OF PARTNERSHIP FIRM (INTRODUCTION ) ll CLASS 12TH ACCOUNTANCY ll COMMERCE UNLOCKED

DISSOLUTION OF PARTNERSHIP FIRM (INTRODUCTION ll CLASS 12TH ACCOUNTANCY ll COMMERCE UNLOCKED Meaning and concept of Dissolution Difference between Dissolution of Partnership and Dissolution of Firm Legal provisions and circumstances under which a firm gets dissolved Important terms and overview to build a strong foundation This video is specially designed for Class 12 Commerce students to make the topic easy to understand with clear explanations and real-life examples. The Dissolution of a Partnership Firm is a crucial concept in Class 12 Accountancy under the chapter Accounting for Partnership Firms. It marks the official end of a partnership business and involves a systematic process of settling all accounts, liabilities, and distribution of remaining assets among the partners. 🔷 What is Dissolution of Firm? Dissolution of a firm means the complete closure of the business operations of the partnership. All assets are sold off, liabilities are paid, and any surplus is distributed among the partners as per their final capital balances. 🔷 Reasons for Dissolution Completion of business objective Expiry of the partnership term Mutual agreement among partners Death, insolvency, or retirement of a partner Court order due to misconduct, incapacity, etc. 🔷 Important Concepts Covered: Types of Dissolution (by agreement, compulsory, court order, etc.) Settlement of Accounts under Section 48 of the Indian Partnership Act Preparation of Realisation Account Treatment of Unrecorded Assets and Liabilities Distribution of profit or loss on realisation 🔷 Why is it Important? Understanding this concept is vital because it not only appears in Board Exams as a 5- or 6-mark question but also builds strong knowledge for future business or finance-related studies. 🎯 This topic is not just about calculations—it teaches how businesses wind up operations legally and ethically. Don’t miss out on this foundational topic in your commerce journey! 👉 Watch till the end to get a complete conceptual understanding and practical tips to solve numerical questions with ease. 📢 Subscribe to COMMERCE UNLOCKED for all your Class 12 Accountancy needs!