-
Introduction to Partnership
No items in this section -
Meaning and definition.
No items in this section -
The Indian partnership 1932
No items in this section -
Methods of capital acco.
No items in this section -
Fixed Capital Method.
No items in this section -
Fluctuating Capital Method
No items in this section -
Partnership Final Accounts
No items in this section -
Introduction and Necessity of preparation of Final Accounts with the following adjustments.
-
Closing stockLecture8.1
-
Outstanding expensesLecture8.2
-
Prepaid expensesLecture8.3
-
Income received in advanceLecture8.4
-
Income receivableLecture8.5
-
Bad debtsLecture8.6
-
Provision for doubtful debtsLecture8.7
-
Reserve for a discount on debtors and creditorsLecture8.8
-
DepreciationLecture8.9
-
Interest on capital, drawings, and loansLecture8.10
-
Interest on investment and loansLecture8.11
-
Goods destroyed by fire/ accident (insured / uninsured)Lecture8.12
-
Goods were stolenLecture8.13
-
Goods distributed as free samplesLecture8.14
-
Goods withdrawn by partnersLecture8.15
-
Unrecorded purchases and salesLecture8.16
-
Capital expenditure included in revenue expenses and vice-versaLecture8.17
-
Bills Receivable dishonouredLecture8.18
-
Bills payable dishonouredLecture8.19
-
Deferred expensesLecture8.20
-
Capital receipts included in revenue. Receipts and vice-versaLecture8.21
-
Commission to working partner/ Managers on the basis of Gross profit, Net profit, sales, etc.Lecture8.22
-
-
Reconstitution of Partnership
No items in this section -
Meaning and different ways of reconstitution
No items in this section -
Admission of a partner
No items in this section -
Meaning and Need
No items in this section -
Capital brought by a new partner
No items in this section -
New profit sharing ratio
No items in this section -
Sacrifice ratio
No items in this section -
Goodwill – Meaning, Methods of valuation and treatment of goodwill.
No items in this section -
Average profit method
No items in this section -
Super profit method
No items in this section -
Adjustment of accumulated profits and losses.
No items in this section -
Revaluation of assets and liabilities
No items in this section -
Adjustment of capitals
No items in this section -
Retirement / Death of a partner
No items in this section -
Meaning, need
No items in this section -
New ratio
No items in this section -
Gain ratio
No items in this section -
Treatment of goodwill
No items in this section -
Adjustment of accumulated profits and losses
No items in this section -
Revaluation of assets and liabilities
No items in this section -
Adjustment of capital
No items in this section -
Amount due to retiring partner Death of partner
No items in this section -
Dissolution of Partnership Firm Simple dissolution,
No items in this section -
Dissolution under Insolvency situation
No items in this section -
Accounts of Not for Profit concerns Introduction, meaning, and features of Not for Profit concerns.
-
Preparation of Income and Expenditure Account and Balance Sheet with the following a) Additional Information Outstanding expenses and prepaid expenses of the current and previous year Accrued income and income received in advance Subscription received in advance and Subscription outstanding of the current and previous year Depreciation The capitalization of entrance fees. Creation of special funds out of donations Stock of stationery Opening balances of assets and liabilitiesLecture33.1
-
Important Items: Entrance fees, Subscriptions, Legacy, life membership fees, Sale of old assets, Scrap, Newspapers, Specific donation, General Donations, Specific Funds, Endowment fundLecture33.2
-
-
Receipts and Payments Account meaning and features. The distinction between Income and Expenditure account.
No items in this section -
Single entry system
-
IntroductionLecture35.1
-
Meaning of single entry system.Lecture35.2
-
Difference between single entry and the double-entry system.Lecture35.3
-
Preparation of statementsLecture35.4
-
Additional information.Lecture35.5
-
DrawingsLecture35.6
-
Depreciation on fixed AssetLecture35.7
-
Bad DebtsLecture35.8
-
Reserve for Doubtful DebtsLecture35.9
-
Undervaluation and Overvaluation of Assets and LiabilitiesLecture35.10
-
Interest on loanLecture35.11
-
Interest on capitalLecture35.12
-
Interest on DrawingsLecture35.13
-
Partners salaryLecture35.14
-
Outstanding / Unpaid expensesLecture35.15
-
Prepaid Expenses/ Expenses paid in advance.Lecture35.16
-
Bill of Exchange (Only Trade Bill) Introduction, necessity, Meaning, Definition of Bill of ExchangeLecture35.17
-
Draft/format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of maturity, Due Date, Types of BillLecture35.18
-
Honouring of Bill, Dishonour of Bill, Noting and Protesting of Bill, Notary Public and Noting ChargesLecture35.19
-
Accounting Treatment of Bill by the Drawer/HoldLecture35.20
-
This content is protected, please login and enroll course to view this content!
Prev
Interest on capital
Next
Partners salary