Accounting of Partnership Firms-Complete Guide
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Accounting of Partnership Firms-Complete Guide
MP4 | Video: AVC 1280x720 | Audio: AAC 44KHz 2ch | Duration: 2 Hours | Lec: 15 | 546 MB
Genre: eLearning | Language: English
Complete course of how partnership accounting gets done
Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. And When these people come together and form a business is called Partnership Firm.
So, this course will give you a broad overview on the entire partnership accounting,
Like,
-How it get's formed,
-What are the criterias,
-How it's accounting gets done and so on.
-What you will learn?
1. Introduction to Partnership and how to prepare it's final accounts.
2. Admission of a partner with all the adjustments that can be made in the financial statements.
3. Retirement of a partner with all the adjustments that can be made in the financial statements.
4. Profit sharing ratios calculated at the time of Admission & Retirement.
5. What is goodwill and its valuation
6. Dissolution of a partner with the detail steps
7. Piecemeal Distribution with its accounting treatment.
These all has been explained with the simple language and taking help of real life examples focusing more on understanding of concepts which will give you a glimpse of practical life.There are also some fun with accounting and problem solving sessions for your practice/revision wherever needed. We have tried to explain it in a simple and easy to learn format for all.
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