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  • Accounting
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Grade 11 IEB - Partnerships (summary)

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7 pages
2023/2024 Written for academic year
Institution
11th Grade
Course
Accounting
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Grade 11 ieb - Accounting summary’s, Partnerships: T Accounts, and financial statements + year end division of profits to partners - this is summarized to help you go over everything on Partnerships for exams. Paper 1

Content preview

, Partnerships
Accounts

ce

A A
Capital
&




Bank/Asset Balance bld x


↳is legs Bunk/Asset CRJ x additional




Equity Account
current account : A

last
Drawings EJ x Balance (t) Bid x -
they are us year


Salary : A GJ G


Bonus : A E x


Remember I0( GJ x



Los
Trading Account
a Sales x PAL
Appropriation (1) ef x


PAL
TradingA
-

i-




xpences
I comes



Appropraction a
Drawings : A


Appropriation Balance Bld 32
ils (reverses >



Profit + Loss() x Profit + Loss(t) o TlS >
-
Currentia <
7
Salary : A a


B
Salary : x


Bonus : A current : Alt 32


IO((A+B) a Current : BC) x


Current : A(t) a

Salary : A

B (+)
Current : x
Current : A es
Appropration of

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Schooljaar
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Uploaded on
July 20, 2024
Number of pages
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Written in
2023/2024
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