Life Insurance Policy in name of partners taken by Partnership Firms including Joint Life Policy.

XII(CBSE), XII(STATE), CA FOUNDATION, CS FOUNDATION.
This video deals with the treatment of life insurance policies taken by partnership firm in the name of partners.
It also deals with treatment of JLP(Joint Life Policies).
It covers treatment of policies at the time of death of partner, Admission, Retirement of partner and change in profit sharing ratio.
It also explains the treatment of Joint life Policy Reserve.

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