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Partnership Accounting – Presentations Only

Partnership Accounting – Presentations Only

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Partnership Accounting – Presentations Only

Partnership Accounting – Presentations Only, Partnership bookkeeping - formation, net income allocation, adding new partners, liquidation, partner leaving

Created by Robert (Bob) Steele

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What Will I Learn?
  • Process for setting up a partnership
  • The allocation of net income to partners
  • The recording of partner withdrawals
  • Recording the partnership closing process
  • Journal entries related to a partner leaving the partnership
  • Journal entries related to adding a new partner to the partnership
  • The liquidation process for a partnership
  • A comprehensive problem on the accounting cycle
  • Key terms definitions and explanations related to partnerships
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Learn bookkeeping terms and concepts to make owners, employees & students more confident and successful!
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