Limited partnership definition. Analyzing the definition of key terms often provides more insight about concepts. Limited partnership can be defined as – Partnership that has two classes of partners, limited partners and general partners. A limited partnership can be contrasted with a general partnership, general partnership being the default partnership, a partnership with one type of partner, general partners. General partners have mutual agency over the decision-making process of the partnership and are subject to greater liability risk than limited partners. A limited partner is restricted from the day to day decision of the partnership, not acting as an agent of the partnership, and therefore, not having as high of personal liability. Limited partners are often more like investors, individual with capital to invest. The reduced personal liability of a limited partnership allows general partners to generate capital investment from limited partners who would like to invest. Why Learn Accounting – Financial Accounting / Managerial Accounting

https://youtu.be/uaWDB1YdA1k?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Double Entry Accounting System Explained – Accounting Equation

https://youtu.be/66e9QbrkE4g?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Cash vs Accrual – Cash Method / Accrual method differenc

https://youtu.be/i2O0cexCrqc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Revenue Recognition Principle

https://youtu.be/M_pauBGz5Jc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

Double Entry Accounting System Explained – Balance Sheet

https://youtu.be/kOItl8E3fNA?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Income Statement Introduction

https://youtu.be/1k11H8icQxc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Accounting Objectives – Relevance Reliability Comparability

https://youtu.be/mO8tPzFmN8o?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Transaction Rules – Accounting Equation

https://youtu.be/0vy6W_WTO2I?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Transaction Throught Process / Steps – Accounting Equation

https://youtu.be/SlTo3EXDuqU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Owner Deposits Cash Transaction Accounting Equation

https://youtu.be/lPZoImc88eU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

101 Work Completed for Cash Transaction Accounting Equation

https://youtu.be/ll5xIHVdrVs?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

100.110 Pay Employee with Cash Transaction Accounting Equati

https://youtu.be/bSa3NuVpkwc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

200 Debits & Credits Normal Balance – Double Entry Accounting Sy

https://youtu.be/alSWKuWPlxU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI

200 Debits & Credits – One Rule to Rule Them All

https://youtu.be/RL3BFjL1eyE?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI