SlideShare une entreprise Scribd logo
1  sur  5
Télécharger pour lire hors ligne
CPTSuccess,[object Object],Revision Notes – Fundamentals of Accounting,[object Object],Chapter 8. Partnership,[object Object],Unit  2:Treatment of Goodwill in Partnership accounts,[object Object]
Chapter 8. Partnership,[object Object],Unit 2:Treatment of Goodwill in Partnership accounts,[object Object],[object Object]
 The profit sharing ratio amongst the partners is changed
 A new partner is admitted
 A partner retires or dies

Contenu connexe

En vedette

CA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New Partner
CA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New PartnerCA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New Partner
CA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New PartnerVXplain
 
Interpreting Accounts: Profitability Ratios
Interpreting Accounts: Profitability RatiosInterpreting Accounts: Profitability Ratios
Interpreting Accounts: Profitability Ratiostutor2u
 
Valuation of goodwill & shares with solution of problems
Valuation of goodwill & shares with solution of problemsValuation of goodwill & shares with solution of problems
Valuation of goodwill & shares with solution of problemsafukhan
 
Income Statement Basics
Income Statement BasicsIncome Statement Basics
Income Statement Basicstutor2u
 
Interpreting Accounts - Financial Efficiency Ratios
Interpreting Accounts - Financial Efficiency RatiosInterpreting Accounts - Financial Efficiency Ratios
Interpreting Accounts - Financial Efficiency Ratiostutor2u
 
Partnership Accounting
Partnership AccountingPartnership Accounting
Partnership AccountingMian Zahid
 
Partnership accounts
Partnership accountsPartnership accounts
Partnership accountsSam Catlin
 

En vedette (9)

Partnership accounts
Partnership accountsPartnership accounts
Partnership accounts
 
CA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New Partner
CA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New PartnerCA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New Partner
CA CPT-Accounts Revision Sheet - Partnership Accounts-Admission of New Partner
 
Interpreting Accounts: Profitability Ratios
Interpreting Accounts: Profitability RatiosInterpreting Accounts: Profitability Ratios
Interpreting Accounts: Profitability Ratios
 
Valuation of goodwill & shares with solution of problems
Valuation of goodwill & shares with solution of problemsValuation of goodwill & shares with solution of problems
Valuation of goodwill & shares with solution of problems
 
Income Statement Basics
Income Statement BasicsIncome Statement Basics
Income Statement Basics
 
Partnership accounts
Partnership accountsPartnership accounts
Partnership accounts
 
Interpreting Accounts - Financial Efficiency Ratios
Interpreting Accounts - Financial Efficiency RatiosInterpreting Accounts - Financial Efficiency Ratios
Interpreting Accounts - Financial Efficiency Ratios
 
Partnership Accounting
Partnership AccountingPartnership Accounting
Partnership Accounting
 
Partnership accounts
Partnership accountsPartnership accounts
Partnership accounts
 

Plus de CPT Success

Quant04. Simple and Compound Interest Including Annuity – Applications
Quant04. Simple and Compound Interest Including Annuity – ApplicationsQuant04. Simple and Compound Interest Including Annuity – Applications
Quant04. Simple and Compound Interest Including Annuity – ApplicationsCPT Success
 
Quant03. Inequalities
Quant03. InequalitiesQuant03. Inequalities
Quant03. InequalitiesCPT Success
 
Quant02. Equations
Quant02. EquationsQuant02. Equations
Quant02. EquationsCPT Success
 
Quant01. Ratio & Proportion, Indices, Logarithms
Quant01. Ratio & Proportion, Indices, LogarithmsQuant01. Ratio & Proportion, Indices, Logarithms
Quant01. Ratio & Proportion, Indices, LogarithmsCPT Success
 
Acc0400 Inventories
Acc0400 InventoriesAcc0400 Inventories
Acc0400 InventoriesCPT Success
 
Acc0105 accounting measurement discipline
Acc0105 accounting measurement disciplineAcc0105 accounting measurement discipline
Acc0105 accounting measurement disciplineCPT Success
 
Acc0104. Accounting Policies
Acc0104. Accounting PoliciesAcc0104. Accounting Policies
Acc0104. Accounting PoliciesCPT Success
 
Acc0103. Accounting Standards
Acc0103. Accounting StandardsAcc0103. Accounting Standards
Acc0103. Accounting StandardsCPT Success
 
Acc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & PrinciplesAcc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & PrinciplesCPT Success
 
Acc0904 issue of debentures
Acc0904 issue of debenturesAcc0904 issue of debentures
Acc0904 issue of debenturesCPT Success
 
Acc0903 redemption of preference shares
Acc0903 redemption of preference sharesAcc0903 redemption of preference shares
Acc0903 redemption of preference sharesCPT Success
 
Acc0902 issue, forfeiture and reissue of shares
Acc0902 issue, forfeiture and reissue of sharesAcc0902 issue, forfeiture and reissue of shares
Acc0902 issue, forfeiture and reissue of sharesCPT Success
 
Acc0901 introduction to company accounts
Acc0901 introduction to company accountsAcc0901 introduction to company accounts
Acc0901 introduction to company accountsCPT Success
 
Acc0804 retirement of a partner
Acc0804 retirement of a partnerAcc0804 retirement of a partner
Acc0804 retirement of a partnerCPT Success
 
Acc0703 bills of exchange & promissory notes
Acc0703 bills of exchange & promissory notesAcc0703 bills of exchange & promissory notes
Acc0703 bills of exchange & promissory notesCPT Success
 
Acc0702 joint ventures
Acc0702 joint venturesAcc0702 joint ventures
Acc0702 joint venturesCPT Success
 
Acc0701. Consignment
Acc0701. ConsignmentAcc0701. Consignment
Acc0701. ConsignmentCPT Success
 
Acc0500 depreciation accounting
Acc0500 depreciation accountingAcc0500 depreciation accounting
Acc0500 depreciation accountingCPT Success
 
Acc0101. Meaning and Scope of Accounting
Acc0101. Meaning and Scope of AccountingAcc0101. Meaning and Scope of Accounting
Acc0101. Meaning and Scope of AccountingCPT Success
 

Plus de CPT Success (20)

Quant04. Simple and Compound Interest Including Annuity – Applications
Quant04. Simple and Compound Interest Including Annuity – ApplicationsQuant04. Simple and Compound Interest Including Annuity – Applications
Quant04. Simple and Compound Interest Including Annuity – Applications
 
Quant03. Inequalities
Quant03. InequalitiesQuant03. Inequalities
Quant03. Inequalities
 
Quant02. Equations
Quant02. EquationsQuant02. Equations
Quant02. Equations
 
Quant01. Ratio & Proportion, Indices, Logarithms
Quant01. Ratio & Proportion, Indices, LogarithmsQuant01. Ratio & Proportion, Indices, Logarithms
Quant01. Ratio & Proportion, Indices, Logarithms
 
Acc0400 Inventories
Acc0400 InventoriesAcc0400 Inventories
Acc0400 Inventories
 
Acc0205. Cashbook
Acc0205. CashbookAcc0205. Cashbook
Acc0205. Cashbook
 
Acc0105 accounting measurement discipline
Acc0105 accounting measurement disciplineAcc0105 accounting measurement discipline
Acc0105 accounting measurement discipline
 
Acc0104. Accounting Policies
Acc0104. Accounting PoliciesAcc0104. Accounting Policies
Acc0104. Accounting Policies
 
Acc0103. Accounting Standards
Acc0103. Accounting StandardsAcc0103. Accounting Standards
Acc0103. Accounting Standards
 
Acc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & PrinciplesAcc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & Principles
 
Acc0904 issue of debentures
Acc0904 issue of debenturesAcc0904 issue of debentures
Acc0904 issue of debentures
 
Acc0903 redemption of preference shares
Acc0903 redemption of preference sharesAcc0903 redemption of preference shares
Acc0903 redemption of preference shares
 
Acc0902 issue, forfeiture and reissue of shares
Acc0902 issue, forfeiture and reissue of sharesAcc0902 issue, forfeiture and reissue of shares
Acc0902 issue, forfeiture and reissue of shares
 
Acc0901 introduction to company accounts
Acc0901 introduction to company accountsAcc0901 introduction to company accounts
Acc0901 introduction to company accounts
 
Acc0804 retirement of a partner
Acc0804 retirement of a partnerAcc0804 retirement of a partner
Acc0804 retirement of a partner
 
Acc0703 bills of exchange & promissory notes
Acc0703 bills of exchange & promissory notesAcc0703 bills of exchange & promissory notes
Acc0703 bills of exchange & promissory notes
 
Acc0702 joint ventures
Acc0702 joint venturesAcc0702 joint ventures
Acc0702 joint ventures
 
Acc0701. Consignment
Acc0701. ConsignmentAcc0701. Consignment
Acc0701. Consignment
 
Acc0500 depreciation accounting
Acc0500 depreciation accountingAcc0500 depreciation accounting
Acc0500 depreciation accounting
 
Acc0101. Meaning and Scope of Accounting
Acc0101. Meaning and Scope of AccountingAcc0101. Meaning and Scope of Accounting
Acc0101. Meaning and Scope of Accounting
 

Dernier

General views of Histopathology and step
General views of Histopathology and stepGeneral views of Histopathology and step
General views of Histopathology and stepobaje godwin sunday
 
The basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptxThe basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptxheathfieldcps1
 
How to Manage Cross-Selling in Odoo 17 Sales
How to Manage Cross-Selling in Odoo 17 SalesHow to Manage Cross-Selling in Odoo 17 Sales
How to Manage Cross-Selling in Odoo 17 SalesCeline George
 
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptxClinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptxraviapr7
 
How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17Celine George
 
DUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRA
DUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRADUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRA
DUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRATanmoy Mishra
 
How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17Celine George
 
Education and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptxEducation and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptxraviapr7
 
How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17Celine George
 
The Singapore Teaching Practice document
The Singapore Teaching Practice documentThe Singapore Teaching Practice document
The Singapore Teaching Practice documentXsasf Sfdfasd
 
Quality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICEQuality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICESayali Powar
 
How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17Celine George
 
Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.EnglishCEIPdeSigeiro
 
Diploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdfDiploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdfMohonDas
 
2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx
2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx
2024.03.23 What do successful readers do - Sandy Millin for PARK.pptxSandy Millin
 
HED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdfHED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdfMohonDas
 
Human-AI Co-Creation of Worked Examples for Programming Classes
Human-AI Co-Creation of Worked Examples for Programming ClassesHuman-AI Co-Creation of Worked Examples for Programming Classes
Human-AI Co-Creation of Worked Examples for Programming ClassesMohammad Hassany
 
Presentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphPresentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphNetziValdelomar1
 

Dernier (20)

General views of Histopathology and step
General views of Histopathology and stepGeneral views of Histopathology and step
General views of Histopathology and step
 
The basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptxThe basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptx
 
How to Manage Cross-Selling in Odoo 17 Sales
How to Manage Cross-Selling in Odoo 17 SalesHow to Manage Cross-Selling in Odoo 17 Sales
How to Manage Cross-Selling in Odoo 17 Sales
 
Prelims of Kant get Marx 2.0: a general politics quiz
Prelims of Kant get Marx 2.0: a general politics quizPrelims of Kant get Marx 2.0: a general politics quiz
Prelims of Kant get Marx 2.0: a general politics quiz
 
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptxClinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptx
 
How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17
 
DUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRA
DUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRADUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRA
DUST OF SNOW_BY ROBERT FROST_EDITED BY_ TANMOY MISHRA
 
How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17
 
Education and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptxEducation and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptx
 
How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17
 
Finals of Kant get Marx 2.0 : a general politics quiz
Finals of Kant get Marx 2.0 : a general politics quizFinals of Kant get Marx 2.0 : a general politics quiz
Finals of Kant get Marx 2.0 : a general politics quiz
 
The Singapore Teaching Practice document
The Singapore Teaching Practice documentThe Singapore Teaching Practice document
The Singapore Teaching Practice document
 
Quality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICEQuality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICE
 
How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17
 
Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.
 
Diploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdfDiploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdf
 
2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx
2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx
2024.03.23 What do successful readers do - Sandy Millin for PARK.pptx
 
HED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdfHED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdf
 
Human-AI Co-Creation of Worked Examples for Programming Classes
Human-AI Co-Creation of Worked Examples for Programming ClassesHuman-AI Co-Creation of Worked Examples for Programming Classes
Human-AI Co-Creation of Worked Examples for Programming Classes
 
Presentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphPresentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a Paragraph
 

Acc0802 treatment of goodwill in partnership accounts

  • 1.
  • 2.
  • 3. The profit sharing ratio amongst the partners is changed
  • 4. A new partner is admitted
  • 5. A partner retires or dies
  • 6.
  • 7.
  • 8. Average profit basis – profits of past few years are averaged and adjusted for any expected change in future on simple average or weighted average basis
  • 9. Super Profit basis – average rate profit earned by the firm is arrived and compared with the normal rate of return on capital employed. If average profit is greater than the normal rate of return then there exists a super profit and goodwill
  • 10. Annuity method – In this method, time value of money is added to the super profit method and goodwill calculated accordingly as per annuity tables
  • 11.
  • 12.
  • 13.
  • 14.