All about Partnership Firm
All about Partnership Firm
Hi
This is comprehensive course on Partnership firm wherein we will walk through various aspects related to Partnership Firm. The course consists of Pre recorded white boarding video tutorials. Video tutorials consists of explanation of concepts and solving of examples.
The Curriculum of the course divided into 4 Modules. The details of the same are as follows :
Module 1 :Basics of Partnership Firm
It explains following concepts
Meaning of Partnership as per Indian Partnership act, Meaning of Limited Liability Partnership.
Meaning of Partnership deed and General rules in absence of partnership deed.
Meaning of Profit and loss appropriation account
Meaning of Fixed Capital and fluctuating capital along with examples.
How to calculate interest on Capital , interest on drawings.
Ways to share profit and loss account in partnership Firm.
Module 2 : Goodwill
It explains following concepts
Meaning of Goodwill
Valuation of Goodwill and different ways in which goodwill can be valued. This includes valuation of goodwill by Simple average and weighted average method, Super Profit method (Years of purchase method), Super profit annuity method, Capitalization method along with examples.
Concept of Hidden Goodwill in partnership along with example.
Treatment of goodwill and accounting entries in case of admission of a partner, Retirement of a partner and death of a partner.
Module 3 : Admission of Partner
It explains following concepts
Procedure for admission of a partner
Example on accounting in case of admission by preparing revaluation account
Example on accounting in case of admission by preparing memorandum revaluation account
Module 4 : Retirement of Partner
It explains following concepts
Procedure for Retirement of a partner
Treatment of Insurance policy (Joint Life Policy and Individual policies ) in case of retirement of a partner
Example on accounting in case of retirement of a partner by preparing revaluation account
Example on accounting in case of retirement of a partner by preparing memorandum revaluation account
Module 5 : Death of Partner
It explains following concepts
Procedure for Death of a partner
Treatment of Insurance policy (Joint Life Policy and Individual policies ) in case of death of a partner
Example on accounting in case of death of a partner by preparing revaluation account
Example on accounting in case of death of a partner by preparing memorandum revaluation account
Happy Learning
Vanijyavidya
Enables to understand concepts related to Partnership Firm
Url: View Details
What you will learn
- Concepts related to Partnership Firm
Rating: 4.75
Level: Beginner Level
Duration: 8.5 hours
Instructor: Akshata M
Courses By: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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