About Lesson
Partnership −
Features
Partnership Deed
Provisions of the Indian Partnership Act 1932 in the absence of partnership deed
Fixed v/s fluctuating capital accounts
Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits
Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio)
Goodwill − nature, factors affecting and methods of valuation – average profit, super profit and capitalization