CA foundation accounts Admission, Retirement, and death of Partner
The free CA Foundation accounts video on Admission,Retirement and death of Partner cover following topics:
Admission of Partner
Introduction
Effect on Admission
Change in PSR
Why Existing Partners are compensated
Goodwill at Admission
Goodwill Premium
Goodwill Premium Retained in Business
Goodwill Premium Withdrawn by Partners
Goodwill Premium not brought by new Partners
Example 1 Goodwill
Example Goodwill
Hidden Goodwill
Quiz
Revaluation of Assets & Liabilities
Accounting Entry
Revaluation Account Example
Memorandum Revaluation A/c
No Revaluation A/c
Accumulated Profit
Example
Quiz
Retirement of a Partner
Introduction
Gaining Ratio
Goodwill
Revaluation Account Example
Memorandum Revaluation A/c
No Revaluation A/c
Accumulated Profit
Life Policies
Joint Life Policies Method 1
Joint Life Policies Method 2
Joint Life Policies Method 3
Summary of JLP
Single Life Policy
Final Settlement
Examples
Quiz
Death of a Partner
Introduction
Example
Joint Life Policy
Example
Quiz
Final Quiz
Additional Questions
Conclusion