0 Videos Available

Reconstitution of a Partnership Firm - Admission of Partner

This chapter covers the effect of retirement on change in profit sharing ratio, treatment of goodwill, treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits and reserves, adjustment of capital accounts and preparation of balance sheet, preparation of loan account of the retiring partner, deceased partner’s share of profit and preparation of deceased partner’s capital account.

Other Subject