Book Keeping And Accountancy Standard Twelve Commerce

Book Keeping And Accountancy Standard Twelve Commerce

STD XII

CHAPTER :

1. Introduction to Partnership and Partnership Final Accounts
2. Accounts of ‘Not for Profit’ Concerns
3. Reconstitution of Partnership (Admission of Partner)
4. Reconstitution of Partnership (Retirement of Partner)
5. Reconstitution of Partnership (Death of Partner)
6. Dissolution of Partnership Firm
7. Bills of Exchange
8. Company Accounts – Issue of Shares
9. Analysis of Financial Statements
10. Computer In Accounting

1 Introduction to Partnership and Partnership Final Accounts
1.1 Meaning and Definition of Partnership
1.2 The Indian Partnership act 1932.
1.3 Methods of Capital Account

3 Reconstitution of Partnership (Admission of Partner)
3.1 Meaning of Reconstitution of Partnership
3.1.1 Different forms of reconstitution
3.2 Admission of a partner
3.2.1 Need
3.2.2 Capital brought by new partner
3.2.3 New Profit Sharing Ratio
3.2.4 Sacrifice Ratio
3.2.5 Meaning of Goodwill
3.2.5.1 Methods of Valuation of Goodwill
1) Average Profit Method
2) Super Profit Method
3.2.5. Treatment of Goodwill
3.2.6 Revaluation of Assets and Liabilities
3.2.7 Adjustment of accumulated Profits and Losses
3.2.8 Adjustment of Capitals

Additional Information