This course on Partnership Accounts aims to teach learners the fundamentals of partnership accounting, including adjusted profit and loss accounts, P&L appropriation accounts, interest calculations, and final accounts. Students will also learn about admission of partners, goodwill calculations, retirement and death of partners, and dissolution of partnership firms. The course covers various scenarios such as new partner admissions, goodwill treatments, and insolvency cases. The teaching method includes problem-solving exercises and case discussions. This course is intended for individuals interested in accounting, finance, or business management, particularly those looking to deepen their understanding of partnership accounting principles and practices.
Overview
Syllabus
1. Introduction of Partnership Accounts - In Financial Accounting.
2. Partnership Accounts - Adjusted Profit & Loss Account Problem - 1.
3. Partnership Accounts - "Adjusted Profit & Loss A/c Problem with Fixed Capital Accounts".
4. Partnership Accounts - Adjusted Profit & Loss A/c With Fluctuating Capital Accounts.
5. Partnership Accounts - P & L Appropriation A/cWith Partners Accounts.
6. Partnership Accounts - Calculation of Interest Drawings.
7. Partnership Accounts - Final Accounts Problem Number - 1.
8 Partnership Accounts - Final Accounts Problem No: 2.
9. Calculation of New Profit Sharing Ratio - Admission of Partner from Partnership Accounts.
10. When New Partner’s Share Of Profit from any one of the Old Partner - Admission of Partner.
11. When New Partner Purchases a Specific Share of Profit From Old Partners - Partnership Accounts".
12. Calculation of Ratio of Sacrifice From Admission Of Partnership Accounts.
13. Introduction of Revaluation Account from Admission of Partnership Accounts.
Admission Of Partner - " Final Accounts Problem".
Introduction of Goodwill - How to Calculate & Method of Goodwill Calculation.
Final Accounts in Admission Of Partner - When Goodwill Brought In Cash By New Partner.
Admission Of Partner Final Accounts - When Goodwill Is To Be Shared in Sacrificing Ratio.
18. When Good will is to be distributed as per Sacrificing Ratio With Difficult Adjustments.
19. Admission Of Partner When Goodwill is Created & Withdrawn.
20. Admission Of Partner - "When Good will Is Created".
21. Admission of Partner :- "When Goodwill is Created & Written Off".
22. Admission Of Partner - "When New Goodwill created to Old Goodwill & Written off".
23. Admission Of Partner - "When Goodwill Value is Decreasing".
24. Admission Of Partner - "Adjustment Of Capitals".
25. Retirement of Partner - " Introduction & Goodwill Treatment With Journal Entries".
26. Partnership Accounts - Retirement Of Partner " Problem No : 2".
How to identify Important Questions From Any Subject?.
27. Partnership Accounts "Retirement Of Partner" - Problem No : 3.
28. Retirement Of Partner - Partners Capital & Current amount balances are given in the B/ S.
29. Retirement Of Partner - When Goodwill Created & Written Off.
30. Retirement Of Partner - "When Extra Goodwill Created & Written Off".
Death Of Partner - Introduction of Joint Life Policy.
32. Death Of Partner - Joint Life Policy & Joint Life Policy Reserve Account Preparation.
33. Death Of Partner - "Goodwill & Profit Calculations".
34. Dissolution of Partnership Firm - Introduction & Problem No - 1.
"Dissolution Of Partner" In Partnership Accounts - Problem No 2.
36. "Dissolution Of Partner" - Problem No 3.
37. Insolvency Of Partner Introduction & Garner Vs Murray Case Discussion.
38. Insolvency Of Partner - Important Problem With Solution.
Taught by
Devika's Commerce & Management Academy
