Partnership Accounting and Company Accounts Complete Guide | Accounting & Bookkeeping Online Course by Udemy

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Partnership Accounting and Company Accounts Complete Guide

In my whole course I have described each and every thing in a easy manner So, thatstudents can understand it in a better way and systematic way. The tool of this course isto provide complete source of information for students. My emphasis is on clearexplanation of all aspects of accounting. The students would be able to learn about the accounting of partnership & Company indifferent conditions (in their practical life as well as in theoretical ways) like at the timeof admission of partner in a partnership firm, at the time of retirement etc. Partnership is the relation between persons who have agreed to share the profits of abusiness carried on by all or any of them acting for all. And when these people cometogether and form a business is called Partnership Firm. So, this course will give you a broad overview on the entire partnership accounting, likehow it gets formed, what are the cafeterias, how its accounting gets done and so on. This course shows the Accountant/Students how to set up and operate an accountingsystem for a partnership & Company. It focuses on the accounting for all types oftransaction that are unique to a partnership and Company, including the contribution offunds to a partnership, capital accounts, the allocation of profit and loses to a partner, theadmission of a new partner to a partnership, valuation of goodwill at the time of sales ofbusiness and liquidation/Dissolution of a partnership, Retirement of Partnership, Issue ofShares & Debentures and its redemption, Ratio Analysis, Cash Flow Statement, Depreciation, Financial Statement for Sole Proprietorship.I have focused more on understanding of concepts and tried to explain it in a simple andeasy to learn format for all. We have a few problem solving videos included. On the basisof which students can try to solve many more problems. I believe anyone can learnaccounting. Students should buy this course because it would be more reliable for students to study it. Topics Covered: Topic: – Valuation of goodwill Sub Topic: – Meaning, Factors affecting the value of Goodwill and Nature of Goodwill, Methods of goodwillTopic: – Accounting for partnership firms -Fundamental Sub Topic: – Nature and Meaning of Partnership Firm, its features, Partnership Deed meaning, importance, Methods of preparing Capital Accounts of partners under Fixed and Fluctuating Capital Methods, Division of Profit among Partners, Profit and Loss Appropriation Account, Methods of calculating Interest on Drawings, calculation of Interest on Capital & Managers commission, Past Adjustments, Guarantee of Minimum Profit to a partner Topic: – Admission of Partner Sub Topic: – New Profit Sharing Ratio and Sacrificing Ratio, Accounting treatment of Goodwill, Accounting Treatment for Revaluation of Assets and Liabilities, Accounting treatment of Reserves and Accumulated Profits, Adjustment of Capital: – Determining the New Partners Capital on the basis of combined Capital of Old Partners Adjusting the Capitals of Old Partners on the basis of the Capital of New Partner

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