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This playlist covers topics related to Partnership Accounting and are part of CPA and Advanced Accounting syllabus.
The first lecture explains the impact of unlimited liability on investors risk, definition of partnership, journal entries in the formation of partnership etc.
The second lecture deals with agreements amongst the partners in allocating partnership net income or loss.
The third lecture explains the methods used to record partnership changes when a new partner is admitted and the rationale behind the goodwill method.
The four lecture explains the journal entries related to withdrawal of the partner.
The fifth lecture describes the steps to distribute available partnership assets on liquidation and the necessary journal entries.
The last lecture in this play list explains the four steps in the preparation of an advanced plan for the distribution of cash in a partnership liquidation.
This playlist covers topics related to Partnership Accounting and are part of CPA and Advanced Accounting syllabus.
The first lecture explains the impact of unlimited liability on investors risk, definition of partnership, journal entries in the formation of partnership etc.
The second lecture deals with agreements amongst the partners in allocating partnership net income or loss.
The third lecture explains the methods used to record partnership changes when a new partner is admitted and the rationale behind the goodwill method.
The four lecture explains the journal entries related to withdrawal of the partner.
The fifth lecture describes the steps to distribute available partnership assets on liquidation and the necessary journal entries.
The last lecture in this play list explains the four steps in the preparation of an advanced plan for the distribution of cash in a partnership liquidation.