{"id":57377,"date":"2021-06-14T14:44:00","date_gmt":"2021-06-14T09:14:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=57377"},"modified":"2021-06-14T15:11:33","modified_gmt":"2021-06-14T09:41:33","slug":"ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/","title":{"rendered":"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Firms"},"content":{"rendered":"\n<p><strong>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 <\/strong>provides you with comprehensive information on all the basic concepts related to <a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy\/\"><strong>CBSE Class 12 Accounting<\/strong><\/a> for Partnership Firms. And NCERT has designed solutions for the same by keeping in mind the syllabus prescribed by the <a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-board-exam\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CBSE<\/strong>\u00a0<strong>Class<\/strong>\u00a0<strong>12<\/strong>\u00a0<strong>Board<\/strong>\u00a0<strong>Exam<\/strong><\/a>. The chapter-wise solutions from NCERT thoroughly explain all the concepts related to chapter two, including the meaning of partnership, a firm&#8217;s relationship, and the relationship between them.<\/p>\n<ul>\n<li><strong>All you need to know about\u00a0<a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-ncert-solutions\/\" target=\"_blank\" rel=\"noopener noreferrer\">NCERT Solutions for Class 12 Accountancy<\/a><\/strong><\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d22444be7d0\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d22444be7d0\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#ncert-solutions-for-class-12-accountancy-part-1-chapter-2-%e2%80%93-accounting-for-partnership-ncert-solutions\" title=\"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 &#8211; Accounting for Partnership NCERT Solutions\">NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 &#8211; Accounting for Partnership NCERT Solutions<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#ncert-solutions-for-class-12-accountancy-chapter-2-accounting-for-partnership-firms\" title=\"NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership Firms\">NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership Firms<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#class-12-accountancy-chapter-2-accounting-for-partnership-firms-%e2%80%93-overview\" title=\"Class 12 Accountancy Chapter 2 Accounting for Partnership Firms &#8211; Overview\">Class 12 Accountancy Chapter 2 Accounting for Partnership Firms &#8211; Overview<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#concepts-covered-in-ncert-solutions-for-class-12-accountancy-part-1-chapter-2\" title=\"Concepts covered in NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2\">Concepts covered in NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#marks-weightage-of-class-12th-accounts-part-1-chapter-2\" title=\"Marks Weightage of Class 12th Accounts Part 1 Chapter 2\">Marks Weightage of Class 12th Accounts Part 1 Chapter 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#highly-important-links-for-cbse-class-12-accountancy\" title=\"Highly Important Links For CBSE Class 12 Accountancy\">Highly Important Links For CBSE Class 12 Accountancy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#benefits-of-ncert-solutions-for-class-12-accountancy-part-1-chapter-2-pdf\" title=\"Benefits of NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 PDF\">Benefits of NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 PDF<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#1-you-get-to-learn-various-concepts-related-to-partnership-firms\" title=\"1. You Get to Learn Various Concepts Related to Partnership Firms\">1. You Get to Learn Various Concepts Related to Partnership Firms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#2-you-develop-a-strong-conceptual-understanding-of-accountancy\" title=\"2. You Develop a Strong Conceptual Understanding of Accountancy\">2. You Develop a Strong Conceptual Understanding of Accountancy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#3-it-will-help-you-with-the-board-exams\" title=\"3. It Will Help You with the Board Exams\">3. It Will Help You with the Board Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#4-it-is-easy-to-understand\" title=\"4. It is Easy to Understand\">4. It is Easy to Understand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#faqs-on-ncert-solutions-for-class-12-accountancy-chapter-2\" title=\"FAQs on NCERT Solutions for Class 12 Accountancy Chapter 2\">FAQs on NCERT Solutions for Class 12 Accountancy Chapter 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#explain-what-a-partnership-deed-entails\" title=\"Explain what a partnership deed entails?\">Explain what a partnership deed entails?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#what-are-the-benefits-of-the-cbse-ncert-solutions-for-class-12-accountancy-part-1-chapter-2\" title=\"What are the benefits of the CBSE NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2?\">What are the benefits of the CBSE NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#mention-a-situation-in-which-a-partner%e2%80%99s-fixed-capital-can-be-altered\" title=\"Mention a situation in which a partner&#8217;s fixed capital can be altered?\">Mention a situation in which a partner&#8217;s fixed capital can be altered?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#what-is-the-definition-of-a-partnership\" title=\"What is the definition of a partnership?\">What is the definition of a partnership?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/#is-it-possible-to-get-the-ncert-solutions-for-class-12-accountancy-part-1-chapter-2-for-free\" title=\"Is it possible to get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 for free?\">Is it possible to get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 for free?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-accountancy-part-1-chapter-2-%e2%80%93-accounting-for-partnership-ncert-solutions\"><\/span><strong>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 &#8211; Accounting for Partnership NCERT Solutions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2020\/10\/NCERT-Solutions-for-Class-12-Accountancy-Part-1-Chapter-2.pdf\">NCERT Solutions for Class 12 Accountancy Chapter 2\u00a0<\/a><\/p>\n<div id=\"example1\" style=\"text-align: justify;\">\u00a0<\/div>\n<p style=\"text-align: justify;\"><style>\n.pdfobject-container { height: 800px;}<br \/>\n.pdfobject { border: 1px solid #666; }<br \/>\n<\/style><\/p>\n<p style=\"text-align: justify;\"><script src=\"https:\/\/www.kopykitab.com\/_utility\/js\/pdfobject.min.js\"><\/script><br \/><script>PDFObject.embed(\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2020\/10\/NCERT-Solutions-for-Class-12-Accountancy-Part-1-Chapter-2.pdf\", \"#example1\");<\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-accountancy-chapter-2-accounting-for-partnership-firms\"><\/span><strong>NCERT Solutions for Class 12 Accountancy Chapter 2 Accounting for Partnership Firms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: center;\"><a style=\"display: inline-block; width: auto; padding: 18px; cursor: pointer; font-weight: bold; border-radius: 40px; text-decoration-line: underline; color: #ffffff; background: #ff4500; box-shadow: rgba(0, 0, 0, 0.25) 0px 2px 6px 0px;\" href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2020\/10\/NCERT-Solutions-for-Class-12-Accountancy-Part-1-Chapter-2.pdf\" target=\"_blank\" rel=\"noopener\">Download Here<\/a><\/p>\n<p>You will find more information about the topics that appear in Accounting for Partnership Firms in the following section. Students of CBSE class 12 must also note that chapter-wise solutions for Accountancy by NCERT are available as PDF, which they can download from various partner websites. So, you will also get NCERT Solutions for Chapter 2, that is, Accounting for Partnership Firms, which you can download as a PDF.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"class-12-accountancy-chapter-2-accounting-for-partnership-firms-%e2%80%93-overview\"><\/span><strong>Class 12 Accountancy Chapter 2 Accounting for Partnership Firms &#8211; Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The chapter begins with the concept, partnership, by saying that two or more people form a partnership firm. It also tells us that people who create partnership firms must be like-minded. In that, the goals that they have in mind should be the same. Furthermore, partnerships can form only through mutual agreement. It means that two or more people who decide to form a partnership firm should agree to all the terms and conditions and share the profits. And although the agreement need not be in writing, it is best if it is to avoid any conflicts or complications that may arise later.<\/p>\n<p>The agreement should also say that the two or more people, having formed the partnership firm, must do the mutually agreed business. So, the chapter makes students understand the concept of a partnership firm and how it affects businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"concepts-covered-in-ncert-solutions-for-class-12-accountancy-part-1-chapter-2\"><\/span><strong>Concepts covered in NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Nature of partnership<\/li>\n<li>Partnership Deed<\/li>\n<li>Special aspects of partnership accounts<\/li>\n<li>Maintenance of capital accounts of partners<\/li>\n<li>Past Adjustments<\/li>\n<li>Final Accounts<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"marks-weightage-of-class-12th-accounts-part-1-chapter-2\"><\/span><strong>Marks Weightage of Class 12th Accounts Part 1 Chapter 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This unit has a total weightage of 12 marks. Students can be asked a variety of questions in this subject, ranging from short answer questions to extended answer questions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"highly-important-links-for-cbse-class-12-accountancy\"><\/span><strong>Highly Important Links For CBSE Class 12 Accountancy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"content-box-orange\">\n<p><em><strong>NCERT books and solutions are available for download as PDF. So, you can download them here, and start preparing for the exams:<\/strong><\/em><\/p>\n<ul>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-syllabus\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Syllabus<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-sample-papers\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Sample Papers<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-previous-year-papers\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Previous year Papers<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-revision-notes\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Revision Notes<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-ts-grewal-solutions\/\" target=\"_blank\" rel=\"noopener noreferrer\">TS Grewal Class 12 Accountancy Solutions<\/a><\/li>\n<\/ul>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"benefits-of-ncert-solutions-for-class-12-accountancy-part-1-chapter-2-pdf\"><\/span><strong>Benefits of NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 PDF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the sections that follow, you will know how chapter-wise solutions by NCERT for Accountancy will help students of CBSE class 12:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1-you-get-to-learn-various-concepts-related-to-partnership-firms\"><\/span><strong>1. <\/strong><strong>You Get to Learn Various Concepts Related to Partnership Firms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>By going through NCERT solutions for Chapter Two in Accountancy, you will know how a partnership firm works and how it affects various businesses. Additionally, you will also learn about partnership deeds and other related things, such as how you should draft them.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2-you-develop-a-strong-conceptual-understanding-of-accountancy\"><\/span><strong>2. <\/strong><strong>You Develop a Strong Conceptual Understanding of Accountancy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NCERT solutions will help you to develop a sound foundational knowledge in Accountancy. Accounting for Partnership Firms is an essential concept in the subject for the exams and those who aspire to become accountants.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3-it-will-help-you-with-the-board-exams\"><\/span><strong>3. <\/strong><strong>It Will Help You with the Board Exams<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NCERT Solutions for Accountancy and chapter-wise solutions for chapter two, Accounting for Partnership, should help you come out on top in the board exams. They have answers to every question that may appear in the question paper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4-it-is-easy-to-understand\"><\/span><strong>4. <\/strong><strong>It is Easy to Understand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NCERT solutions are easy to understand, as each chapter and concept logically follows the other. Also, this logical arrangement of the different concepts makes for easy navigation.<\/p>\n<p>We have covered the detailed guide on\u00a0<a href=\"http:\/\/cbseacademic.nic.in\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>CBSE<\/strong><\/a> NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2. Feel free to ask any questions in the comment section below.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"faqs-on-ncert-solutions-for-class-12-accountancy-chapter-2\"><\/span><strong>FAQs on NCERT Solutions for Class 12 Accountancy Chapter 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1623653838714\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"explain-what-a-partnership-deed-entails\"><\/span>Explain what a partnership deed entails?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A partnership deed, also known as a partnership agreement, is a document that contains all of the data and rights pertaining to the obligations of all persons involved in a business.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623653910499\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-are-the-benefits-of-the-cbse-ncert-solutions-for-class-12-accountancy-part-1-chapter-2\"><\/span>What are the benefits of the CBSE NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Go through the above blog for the benefits of solving NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623653964746\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"mention-a-situation-in-which-a-partner%e2%80%99s-fixed-capital-can-be-altered\"><\/span>Mention a situation in which a partner&#8217;s fixed capital can be altered?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>When new capital is introduced into the firm with the consent and agreement of other partners, the fixed capitals of the partners can be altered.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623654031631\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-the-definition-of-a-partnership\"><\/span>What is the definition of a partnership?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>An arrangement between two or more parties is referred to as a partnership. All parties have agreed to share profits and losses under the terms of this agreement.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623654080396\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"is-it-possible-to-get-the-ncert-solutions-for-class-12-accountancy-part-1-chapter-2-for-free\"><\/span>Is it possible to get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 for free?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, students can get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 in PDF format for free from the above article.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 provides you with comprehensive information on all the basic concepts related to CBSE Class 12 Accounting for Partnership Firms. And NCERT has designed solutions for the same by keeping in mind the syllabus prescribed by the CBSE\u00a0Class\u00a012\u00a0Board\u00a0Exam. The chapter-wise solutions from NCERT thoroughly explain all &#8230; <a title=\"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Firms\" class=\"read-more\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-2-accounting-for-partnership-firms\/\" aria-label=\"More on NCERT Solutions for Class 12 Accountancy Part 1 Chapter 2 Accounting for Partnership Firms\">Read more<\/a><\/p>\n","protected":false},"author":238,"featured_media":57333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[2934,2917,73693,2985],"tags":[75091,3429,62019,75399,75092],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/57377"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=57377"}],"version-history":[{"count":4,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/57377\/revisions"}],"predecessor-version":[{"id":95806,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/57377\/revisions\/95806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media\/57333"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=57377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=57377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=57377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}