Partnership–Introduction–Meaning-Features-Kinds-PartnershipDeed,NewRatio,OldRatio,SacrificingRatio.BasicConcepts–FixedCapital,FluctuatingCapital

Introduction-Admissionofa Partner-Treatment of Goodwill-Revaluation of Assets and Liabilities-Calculation of Ratios for Distribution of profits-Capital Adjustment

Retirement of Partner - Calculation of Gaining Ratio- Revaluation of Assets and Liabilities Treatment of Goodwill – Adjustment of Goodwill through Capital A/c only - Settlement of Accounts - Retiring Partner’s Loan Account with equal Installments only

Insolvency of Partners- Garner Vs Murray- Insolvency of all Partners - Deficiency A/c - .Piecemeal Distribution - Proportionate Capital Method only.

Dissolution of a partnership – methods – accounting for each method – Garner Vs MurrayCase.