Cambridge IGCSE Accounting
5.2Partnerships
Partnerships in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic58 practice questions3 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 5.2.1State the advantages and disadvantages of partnerships and the contents of a partnership agreement.
- 5.2.2Prepare statements of profit or loss and appropriation accounts with interest, salaries and the share of profit.
- 5.2.3Prepare partners' capital and current accounts and the statement of financial position.
Lessons
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Partners' capital and current accounts
40 min
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Partnerships: formation and the partnership agreement
30 min
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The partnership appropriation account
40 min
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Sample question
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