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Chapter No. 2 – Accounting for Partnership Firms – Fundamentals – Book Solution

Chapter No. 2 – Accounting for Partnership Firms – Fundamentals - Book Solution-min
Chapter No. 2 – Accounting for Partnership Firms – Fundamentals - Book Solution-min

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The Partnership is one of the type of business in which two or more persons/business make a formal agreement between them of sharing business ownership, profits/Losses, responsibilities and duties of the business. They also help each other in all operational activities of the business i.e. Decision making, Forecasting and increasing number of partners etc. 

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In the Partnerships, the share of ownership will be distributed to the new partner as per the current market valuation of the business. The Market valuation includes a number of factors i.e. the market share of the product, customer loyalty and many more. \

For Examples: –

  • Ides and Vodafone 
  • Reliance Jio and Facebook. 
  • Red bull and Go Pro
  • Maruti Suzuki

Chapter No. 2 – Accounting for Partnership Firms – Fundamentals – Book Solution

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Question 8 Chapter 2 of +2-A

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Question 17 Chapter 2 of +2-A

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Question 26 Chapter 2 of +2-A

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Question 35 Chapter 2 of +2-A

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Question 44 Chapter 2 of +2-A

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Question 53 Chapter 2 of +2-A

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Question 62 Chapter 2 of +2-A

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Question 71 Chapter 2 of +2-A

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Question 80 Chapter 2 of +2-A

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Question 89 Chapter 2 of +2-A

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Bank Reconciliation Statement – T.S. Grewal 11 Class – Book Solution

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T.S. Grewal’s Double Entry Book Keeping

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