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Partnership accounts

How partners share a profit: the agreement, the appropriation account, capital and current accounts, and the partnership's statement of financial position.

Premium5 rooms47 questions50 min
See the first roomWhat a partnership agreement covers

Rooms in this module

  1. What a partnership agreement covers8 min, hardPremium
  2. The appropriation account10 min, hardPremium
  3. Capital accounts and current accounts10 min, hardPremium
  4. Interest on capital, interest on drawings and salaries12 min, hardPremium
  5. A partnership statement of financial position10 min, hardPremium

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Questions

How many rooms and questions are in Partnership accounts?

5 rooms and 47 questions. Every question is marked at once.

How long does it take?

About 50 minutes in all. A room takes 8 to 12 minutes, so you can do one at a time.

Is it free?

No. These rooms need Premium. Each room shows the start of its first task before you pay.

What should I do first?

Incomplete records. It is the module before this one in Final accounts.