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Chapter 2.1 – Accounting for Share Capital Accountancy Chapter 2.1 – Accounting for Share Capital 1. Introduction to Joint Stock Companies 2. Types of Companies 3. Share Capital of a Company 4. Types of Shares 5. Issue of Shares 6. Accounting Treatment of Share Issue Bank A/c Dr. To Share Application A/c Share Application A/c Dr. To Share Capital A/c Share … Read more

Accountancy Chapter 4 – Dissolution of Partnership Firm Accountancy Chapter 4 – Dissolution of Partnership Firm 1. Dissolution of Partnership vs. Dissolution of a Firm 2. Modes of Dissolution Dissolution of a partnership firm can occur in several ways: 3. Settlement of Accounts Upon Dissolution When a firm dissolves, the partnership ceases business operations, and … Read more

Chapter 3 – Reconstitution of a Partnership Firm – Retirement/Death of a Partner Accountancy Chapter 3 – Reconstitution of a Partnership Firm – Retirement/Death of a Partner 1. Introduction to Reconstitution on Retirement/Death of a Partner 2. Calculation of Amount Due to the Retiring/Deceased Partner The sum payable to the retiring or deceased partner includes: … Read more

Chapter 2 – Reconstitution of a Partnership Firm – Admission of a Partner Accountancy Chapter 2 – Reconstitution of a Partnership Firm – Admission of a Partner 1. Reconstitution of a Partnership Firm Reconstitution occurs when there’s a change in the agreement between partners. It involves: The key implication of reconstitution is the ending of … Read more

Chapter 1 – Accounting for Partnership: Basic Concepts Accountancy Chapter 1 – Accounting for Partnership: Basic Concepts 1. Nature of Partnership A partnership is a business structure formed by two or more persons who agree to operate a business together and share its profits and losses. The Indian Partnership Act, 1932, defines it as “the … Read more