12 - Presentation Deck - ACC 211 PRINCIPLES OF ACCOUNTING...

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ACC 211: PRINCIPLES OF ACCOUNTING CHAPTER 12: Accounting for Partnerships PRESENTATION DECK Prepared by: Jill Mitchell, Assistant Professor, NOVA Reference: Weygandt, Jerry, Kieso, and Kimmel. Accounting Principles . 9th edition. USA: John Wiley & Sons, Inc., 2009. Unless noted, illustrations are from the referenced text.
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Chapter 12-2 1.1 Identify the characteristics of the partnership form of business organization Chapter 12: Accounting for Partnerships Course Competencies 2. Basic Partnership Accounting 1. Partnership form of Organization 2.1 Know the accounting entries for the formation of a partnership 2.2 Know the accounting entries for the allocation of income/loss
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