91405 Accounting for Partnerships - School Use
91405 Accounting for Partnerships - School Use
LearnWell Digital
This version of the resource is for school use. Teachers can facilitate, and load students from their class. If you are not using this resource in class, you should purchase the home use version.
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What you'll learn
This course covers the things you need to know and be able to do for the NCEA Level 3 internal Achievement Standard 91405 (Accounting 3.2) Demonstrate understanding of accounting for partnerships.
In this course you'll find answers to questions like:
- What are the features of partnerships (including partnership agreement and the Partnership Act 1908)
- How do we process partnership formation entries (including agreed values of assets, liabilities and capital‚ contributions)?
- How do we process distribution of profits (entries in capital and current accounts)?
- How do we process profit distribution statements (including equity sections and notes to the financial statements?
LearnWell Digital resources put the learner at the centre. Using almost any device, students can easily work at a pace that suits them through interactive, scaffolded learning and activities.
You can find out more on the information page about our LearnWell Digital resources.
