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In this video, we cover Class 12 Accountancy – Chapter 1: Accounting for Partnership Firms in a clear, step-by-step manner. All basic concepts are explained first, followed by important adjustments, journal entries, and exam-oriented points exactly as required for CBSE board exams. This lecture focuses on: Meaning and features of a partnership firm Partners’ capital accounts Profit and loss appropriation Interest on capital and drawings Past adjustments Common exam mistakes and tips to score full marks This session is designed for concept clarity + exam confidence, especially for students who find partnership accounts confusing. 📌 Need Class 12 Accountancy Notes with Proper Proof and Exam-Ready Format? ✔ Like this video ✔ Subscribe to the channel ✔ Comment “NOTES” below 📧 Then mail us at: [email protected] --------------------------------------------------------- CUET Toppers is your complete guide to cracking the CUET UG exam with confidence. If you want top scores and admission into DU, BHU, JNU, or any Central University, this channel gives you everything you need: NCERT-based lectures, PYQ solutions, mock tests, strategy videos, last-minute revision tips, and full CUET preparation roadmaps. Every video is designed to make CUET easy to understand, remove exam pressure, and help you study smarter. Whether you’re starting from zero or aiming for a 99 percentile, CUET Toppers gives you proven topper strategies, time-saving shortcuts, and clear explanations that boost your accuracy and confidence. Subscribe now to join thousands of motivated CUET aspirants. Get daily CUET prep videos, stay ahead of competition, and take one step closer to your dream college. Study smart. Stay consistent. Crack CUET.