Description:

This course covers the various aspects of accounting specific to partnership firms, including the accounting treatment of partners' capital, profit sharing, admission and retirement of partners, and dissolution of a partnership. Students will learn about the preparation of partnership final accounts, adjustments for goodwill, revaluation of assets and liabilities, and the distribution of final profits.

Key Highlights:

• Partnership final accounts
• Treatment of partners' capital
• Profit sharing agreements

What you will learn:

• Understanding Partnership Accounting
  Comprehensive overview of accounting principles specific to partnership firms.
• Practical Applications
  Hands-on learning with real-life case studies and examples.
• Preparation of Final Accounts
  Step-by-step guidance on preparing partnership final accounts.