We are providing partnership accounts notes to you free of cost. Please study all the following partnership accounts notes one by one. You can easily understand it because these notes had been written in simple language.
a. Introduction
Introduction to partnership
Partnership Accounting
Interest on Drawing
Rules in the absence of Partnership Deed
Change in Profit Sharing Ratio
Fixed and Fluctuating Capital
b. Admission of A New Partner
Adjustment at the time of admission of a new partner
Adjustment of Capital
Revaluation Account
Steps to Make Revaluation Account
Memorandum Revaluation Account
MRA Vs RA
Sacrifice Ratio
New Ratio
Gaining Ratio
Sacrifice Ratio Vs Gaining Ratio
Goodwill
Methods of Goodwill
Treatment of Goodwill at the Time of Admission of a Partner
c. Retirement and Death of the Partner
Dead Partner's Executor Account
Accounting Treatment at Time of Retirement of a Partner
d. Dissolution of Firm
Accounting Procedure at the Time of Dissolution of A Firm
Garner Vs murray Case Decision
Assets and Liabilities Taken by A Partner
Piecemeal Distribution
Gradual Realisation of Assets
e. Amalgamation, Sale Conversion of Partnership
Amalgamation of Firms - Part 1
Amalgamation of Firms - Part 2
Conversion of Partnership into Ltd Company
