Chapter 1

Accounting for Partnership Firms - Fundamentals

Partnership features

medium • 1 min read

Partnership Deed

medium • 2 min read

Special aspects of partnership accounts

medium • 3 min read

Maintenance of capital accounts

medium • 4 min read

Past adjustments and guarantee of profit

medium • 5 min read

Chapter 2

Goodwill: Nature and Valuation

Meaning, nature and need for valuation

medium • 1 min read

Factors affecting goodwill

medium • 2 min read

Average Profit Method

medium • 3 min read

Super Profit Method

medium • 4 min read

Capitalisation Method

medium • 5 min read

Chapter 3

Change in Profit Sharing Ratio

Sacrificing ratio and Gaining ratio

medium • 1 min read

Accounting for goodwill

medium • 2 min read

Accounting for reserves and accumulated profits

medium • 3 min read

Revaluation of assets and reassessment of liabilities

medium • 4 min read

Adjustment of capitals

medium • 5 min read

Chapter 4

Admission of a Partner

Effect of admission of a partner

medium • 1 min read

Change in profit sharing ratio

medium • 2 min read

Treatment of goodwill

medium • 3 min read

Revaluation of Assets and Liabilities

medium • 4 min read

Adjustment of capital

medium • 5 min read

Chapter 5

Retirement and Death of a Partner

Ascertainment of gaining ratio

medium • 1 min read

Treatment of goodwill

medium • 2 min read

Revaluation of Assets and Liabilities

medium • 3 min read

Settlement of loop account

medium • 4 min read

Calculation of deceased partner's profit

medium • 5 min read

Chapter 6

Dissolution of Partnership Firm

Meaning of dissolution of firm

medium • 1 min read

Settlement of accounts

medium • 2 min read

Preparation of Realisation Account

medium • 3 min read

Treatment of goodwill on dissolution

medium • 4 min read

Treatment of unrecorded assets and liabilities

medium • 5 min read

Chapter 7

Accounting for Share Capital

Features and types of companies

medium • 1 min read

Issue and allotment of shares

medium • 2 min read

Over-subscription and under-subscription

medium • 3 min read

Issue of shares at premium

medium • 4 min read

Calls in arrears and calls in advance

medium • 5 min read

Chapter 8

Forfeiture and Reissue of Shares

Meaning of forfeiture of shares

medium • 1 min read

Accounting entries for forfeiture

medium • 2 min read

Reissue of forfeited shares

medium • 3 min read

Calculation of capital reserve

medium • 4 min read

Disclosure of share capital in balance sheet

medium • 5 min read

Chapter 9

Issue of Debentures

Meaning and types of debentures

medium • 1 min read

Issue of debentures for cash

medium • 2 min read

Issue of debentures for consideration other than cash

medium • 3 min read

Issue of debentures as collateral security

medium • 4 min read

Terms of issue of debentures

medium • 5 min read

Chapter 10

Financial Statements of a Company

Meaning of Financial Statements

medium • 1 min read

Form of Balance Sheet

medium • 2 min read

Form of Statement of Profit and Loss

medium • 3 min read

Analysis of Financial Statements

medium • 4 min read

Comparative and Common Size Statements

medium • 5 min read