Partnership Accounts | Video Tutorial - Dashboard of Book, Question and Answer, Quiz, Tests

Partnership Accounts

01 Partnership Firm

Partner’s Accounts, Fixed capita, Fluctuating Capital. Partner’s Current Account, Partner’s Drawings Account, Partners’ Loan Account, Profit and Loss Appropriation Account, Interest on Drawing, Distribution of profit, Goodwill, Valuation of Goodwill, Hidden Goodwill

02 Admission of Partner

Introduction of New Partner, Revaluation on admission, Profit Sharing Ratio, Proportionate Capital,

03 Retirement of Partner

Retirement of Partner, Gaining Ratio, Revaluation on Retirement, Reserve Fund, Final Payment to Retiring Partner, Partner’s Loan Repayment,

04 Death of Partner

Consequences of Death of Partner, Joint Life Policy, Payment of Deceased Partner’s Share

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