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#class12 #class12accounts #class12accountancy #ncert #ncertsolutions #ncertsolution #cbse #puc Azad and Benny are equal partners. Their fixed capitals are ₹ 40,000 and , respectively. After the accounts for the year have been prepared it is discovered that interest at 5% p.a. as provided in the partnership agreement, has not been credited to the capital accounts before distribution of profits. It is decided to make an adjustment entry at the beginning of the next year. Record the necessary journal entry. Accounting for Partnership - Basic Concepts Past Adjustments Partners' Capital Accounts Partners' Current Accounts Fixed Capital Method Fluctuating Capital Method Partners Business Partners Firm Class 12 Accounts Partnership Fundamentals Intro: 00:00 Problem Statement : 00:25 Analysis : 01:07 Outro: 09:49 Additional problems on Accounting for Partnership : Basic Concepts, Guarantee of Profit to the Partners can be found at https://eduxir.com/curriculum/cbse/cl... Class 12 Accountancy Books: https://amzn.to/3kMGdDX #SpecialAspectsOfPartnershipAccounts #SpecialFeaturesOfPartnershipAccounts #DistributionOfProfits #PastAdjustments #DistributionOfProfitsAmongParters #DistributionOfProfitsAmongTheParters #Partners #Partnership #Accounting #Accounts #Commerce #NCERT #CBSE #PUC #Class12 #PartnershipFundamentals #MadeWithVideoscribe #WhiteBoard #WhiteBoardAnimation