Statement of Changes in Equity for Partnership | FULL EXAMPLE

[@kolisanglitsoane2143]

You are the best. Thank you for all your work.

[@Counttuts]

Thank you, you are welcome :)

[@judithnsiah4109]

😊
L0p

[@nonhlanhlamadlopha5079]

Thanks for lesson i have question what we do if they say during the year the cash salaries were withdrawn by the partners and were taken into account in arriving at the profit for the year?

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Thank you so much for this, you made it very easy to understand

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Thank u so much I now understand this unit..... God bless

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[@NomaM]

Thank you much, this helped my understanding tremendously..

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[@primrosendlovu6764]

So clear. Thank you sir

[@thegreatiam8502]

Thank you so much. It makes so much sense

[@richildisruhepomayira609]

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[@tobechukwuchimezie8697]

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[@AudreyRhangane]

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[@maudynyathi332]

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[@khutsomadubanya1999]

Thank u soo much I understand this unit

[@saneledlomo7666]

Thank you for this🙏🏽

[@IsmaeelRanderee]

Very useful

[@PiusDosSantosTeresaAbreu]

Thank you so much ❤

[@linderichter4148]

Hi, quick question. How do I calculate interest on capital if C Krop deposited R20000 on 30 June 2019? Do I calculate 5% on the R80000 for six months and then 5% on R100000 for the next 6 months?

[@linderichter4148]

Also, do I have to add a row for "capital additions during the year" or how do I take into account the extra R20000 deposited?

[@Counttuts]

Good day, due to the volume of requests for help regarding student specific questions, we are not able to address them on this platform. However, you can request a session at reasonable rates with us at [e-mail] to address your challenges with the subject.

[@rorisangmaja8845]

Very much understandable
But what if we were not given the drawings of partners and net profit of the year

[@indilenindeshikoneka9220]

Wow, well explained and understandable, thanks 👍

[@miltonflusk.]

How would I record the changes in Changes in equity by way of transactions with the partnerships

[@chantellevanderwesthuizen106]

Hi, do you have a video on how to calculate the net profit if we are not given the net profit and only the "profit of the year" ?

[@Counttuts]

Net profit and Profit for the year are usually used interchangeably. The refer to the same amount.

[@olwethuphewa7757]

Probably late to ask this, should the balance on the current account be on the debit side. Does it affect the final balance to be negative as well or we treat it to be the same as positive and just add on top of it?

[@bianxmassey-bp3et]

Hi. If depreciation is mentioned in additional information for this type of question, would a person need to use it or not?

[@moniqueeleanorpayne1256]

thank you sir 🙂

[@tibuCooks]

Does Depreciation of fixed assets affect the statement of changes in equity?

[@RethabilePhinda-yx4yz]

No, only in the fixed asset

[@lethalsplayhouse]

what if a partner contributed more capital during the course of the year?

[@biancakru_5749]

Do you have changes in equity for company?

[@Counttuts]

Hello, not yet. Will be uploaded soon.

[@MenoOlerato-hg1nz]

Why are we putting amounts in current accounts instead of capital

[@NikoDraws]

Aren't you supposed to put the interest on capital under the capital column🧐

[@Counttuts]

No, the Capital column is only for investment into the business by the partner.

[@NikoDraws]

@@Counttuts ahhh I see, thanks very much☺

[@BandileMmila]

❤

[@BongekileMbatha-e1n]

Thank you .This was very helpfull❤❤