PARTNERSHIP ACCOUNT FORM

Instructions and help about PARTNERSHIP ACCOUNT FORM

good day welcome to another session of fog tutorials today we are going to look at partnership accounts we are starting our series on partnerships and then want to look at some fundamental theoretical aspects that relate to the partnership account partnership is a very broad topic and we are going to look at it in stages it's a whole series on its own but then i'll do my best to try and ignore theories that are more manageable and then focus more on accounting aspects of the partnership okay so a partnership a partnership business is a business organization that is established by two or more people as we say they contribute capital together and form a business with the aim of making profits now we are going to look at the accounting arrangements in a partnership business but before that let us look at some key um theoretical aspects of the partnership business now like i said earlier i want to ignore a lot of theory the advantages of partnership and disadvantages sources of capital i m