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.
Reference Book:
S.P. Jain & K.L. Narang, “Advanced Accounting”, Kalyani Publications, NewDelhi. B.Com. (Accounting &Finance) 2016-17 onwards- Colleges Annexure No. 42C Page 9 of 36 SCAA Dt.10.06.2016 2. Dr. M. A. Arulanandam, Dr. K.S. Raman, “Advanced Accountancy Part-I”, Himalaya Publication, New Delhi. 3. Gupta R.L. &RadhaswamyM.,”Corporate Accounts “, Theory Method and Application -13th Revised Edition 2006, Sultan Chand & Co., New Delhi 4. Shukla M.C., Grewal T.S. & Gupta S.L., “Advanced Accountancy”, S. Chand & Co., NewDelhi.
Text Book:
1.Reddy & Murthy, “Financial Accounting”, MarghamPublicatuions, Chennai, 2018