Question

Analytic study on various adjustment of final account of partnership firm of method and methodology

Answer 1

For this topic you should collect the data of a firm and make sure it is a partnership firm. Which consists of Journal, Ledger and Trial balance. And when you have this data you can prepare trading and profit and loss account with a balance sheet. Other information which can be added is; Closing Stock, Interest, Income received, prepaid expenses, accrued income, outstanding expenses, bad-debts, goods distributed as free samples. 

Once you are done making the final accounts, you should make Profit and Loss Appropriation account and partner's capital account.  

With trial balance you can make final accounts and put imaginary figures in them. 

For your project follow the steps: 

Introduction of the firm you chose and what they produce Aim of your project  Research Methodology (process, how you made the balance sheet and p&l accounts) Analysis of your observations Conclusion which shall be based on your observation

Answer 2

Analytical study on various adjustments in final accounts of partnership firm.

project of 12th commerce