Some of the main topics for Accountancy chapter Basics of Partnership (Class 12) along with their details are:
1. Introduction to partnership - Definition of partnership, features of partnership, types of partnership, and registration of partnership.
2. Partnership deed - Meaning and importance of partnership deed, contents of the partnership deed, and its registration.
3. Profit and loss appropriation account - Preparation of profit and loss appropriation account, distribution of profit among partners, and calculation of interest on capital, remuneration to partners, and commission to partners.
4. Admission of a partner - Importance of admission of a partner, methods of admission of a partner, goodwill calculation, and adjustment of capitals.
5. Retirement and death of a partner - Meaning and consequences of retirement and death of a partner, methods of valuing goodwill, adjustment of capitals, revaluation of assets and liabilities, and preparation of necessary accounts.
6. Dissolution of partnership - Meaning and consequences of dissolution of partnership, modes of dissolution, preparation of realization account, settlement of liabilities and distribution of assets.
7. Treatment of joint life policy - Partner's interest in joint life policy, surrender of the policy and adjustment of premium, and payment of policy proceeds.
8. Treatment of partnership insurance policy - Purpose and importance of partnership insurance policy, accounting treatment of the premium paid, and treatment of the claim received.
9. Final accounts of partnership - Preparation of final accounts, balance sheet, and profit and loss account of the partnership.
Overall, these topics provide a comprehensive overview of the basics of partnership in accountancy, including the legal framework, financial implications, admissions, retirements, and dissolution of partnerships.
More Chapters:-
Main topics for Reconstruction of a Partnership Form
Main topics for Admission of a Partner
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