"Partnership Accounting" is no longer available

Partnership accounting is a very important and mark fetching chapter for BBA course.

Conceptual understanding and application of learned concepts are vital for scoring 100% in this chapter.  

This crash course is aimed at educating students of all the fundamental concepts, practical questions and solutions of all the concepts, Q & A sessions and 5 mock tests.

Course Brochure:

1. Basic concepts of partnership

     Meaning of partnership, partnership deed,  limited liability partnership, methods of maintaining capital accounts, past adjustments, guarantee of profits, valuation of goodwill, reconstitution of partnership and change of profit sharing ratio.

2. Admission of a partner

     Need for valuation of goodwill, accounting of goodwill, accounting of revaluation of assets and liabilities, calculation of sacrificing ratio and drawing new balance sheet. 

3. Retirement of a partner 

     Need for valuation of goodwill, accounting of goodwill, accounting of revaluation of assets and liabilities, calculation of gaining ratio, calculation of amount due to retiring partner,  conversion of capital into loan account and accounting for partial settlement of loan and repayment in installments and drawing new balance sheet

4. Death of a partner

     Need for valuation of goodwill, accounting of goodwill, accounting of revaluation of assets and liabilities, calculation of gaining ratio, calculation of amount due to the executor of deceased partner and drawing new balance sheet

5. Dissolution of partnership

     Realisation of assets and settlement of external liabilities, calculation of amount due to partners and settlement.