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Title:Accounting for Partnerships (Pt 1 of 5) | Advanced Accounting | CPA Exam FAR
Duration:31:45
Viewed:38,107
Published:19-11-2018
Source:Youtube

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions. 🚀farhatlectures.com/ Connect with me on LinkedIn: ✔www.linkedin.com/in/professorfarhat/ 💥Facebook: @accountinglectures ⬆Instagram Account: @farhatlectures Twitter: @farhatlectures Email: Mansour.farhat@gmail.com #CPAEXAM#ACCOUNTINGSTUDENT#ADVANCEDACCOUNTING Describe the characteristics of a general partnership, a limited partnership, and a joint venture. In a general partnership, the partners can bind the partnership into contracts, and the partnership interest is similar to a personal asset that can be sold. General partners are personally liable for the debts of the partnership, while a limited partner is only liable for the amount invested in the partnership. A joint venture occurs when two or more parties (agents) enter into an arrangement to pursue a specific purpose. My website: farhatlectures.com/ Facebook page: www.facebook.com/accountinglectures LinkedIn: goo.gl/Pp2ter Twitter: twitter.com/farhatlectures Email Contact: Mansour.farhat@gmail.com

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