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\nPartnership Final Accounts\n

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\n\nPublisher:\n\nLet's Tute\n\n\n
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\nThis session covers various adjustments required while preparing final accounts for an organization, including closing stock, outstanding expenses, prepaid expenses, accrued income, bad debts, and reserve for bad and doubtful debts....\nThis session covers various adjustments required while preparing final accounts for an organization, including closing stock, outstanding expenses, prepaid expenses, accrued income, bad debts, and reserve for bad and doubtful debts. Additionally, the concept of depreciation, interest on capital and drawings, and provisions for discount allowed and received are also explained. These adjustments are important for any organization to accurately reflect their financial position in their books of accounts.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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56:07
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Grade
9th - Higher Ed
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Subjects
Career & Technical Education
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Media Type
Instructional Videos
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Source:
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\nLet's Tute\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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balance sheet
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Additional Tags

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what are journal entries, its first and second effect, partnership final accounts, how to add journal entries, discount receive, financial statement, closing stock, bad debts, doubtful debts, long term, unrecorded purchases, pnl account, current account, bad dates, trial balance, final accounts, unrecorded sales, trading account, bad days, average period, credit side, create kia, create karo, sales account, credit balance, industry practice, presentation purpose, debit card, debit side, liability side, asset side, expenses paid, journal entry
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Partnership Final Accounts\" href=\"/subscription/new\">\"Partnership\n\n
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