Category: Profit and Loss of Partnership

What is partnership? Definition and Characteristics

Types of partnership

Procedure to open books of partnership

What is Partnership Deed?

Fixed and Fluctuating Capitals

What are reserves in partnership?

Difference between reserves and provisions

Year end adjustments in partnership

Distribution of profit in partnership

Journal entries under fluctuating and fixed capital methods

Distribution of profit and loss – MCQs

Distribution of profit and loss – Q & A

Distribution of profit & loss – Fill in the blanks