Some of the main topics for Accountancy chapter Reconstruction of a Partnership (Class 12) along with their details are:
1. Meaning and objectives of partnership reconstruction - Definition, causes of reconstruction, and objectives of partnership reconstruction.
2. Methods of reconstruction - Two methods of partnership reconstruction, i.e. amalgamation and absorption, and their respective implications.
3. Valuation of assets and liabilities - Methods of valuation of assets and liabilities, including revaluation, realization, and writing-off of losses.
4. Accounting treatment of goodwill - Meaning and value of goodwill, its accounting treatment, and effects of reconstruction on goodwill.
5. Treatment of reserves and provisions - Difference between reserves and provisions, their accounting treatment, and their treatment during reconstruction.
6. Adjustment of capital - Importance of adjustment of capital in reconstruction, different methods of adjustment, and accounting treatment of the same.
7. Treatment of revaluation surplus/deficit - Calculations of revaluation surplus/deficit, their treatment in the balance sheet, and journal entries.
8. Distributable reserves - Concept of distributable reserves, their importance, and accounting treatment during reconstruction.
9. Dissolution of the partnership - Reasons for dissolution of partnership during reconstruction, accounting treatment of dissolution, and modes of distribution of surplus or losses.
Overall, these topics provide a comprehensive understanding of the reconstruction of a partnership, including the methods of reconstruction, asset and liability valuation, accounting treatment of goodwill and reserves, adjustment of capital, treatment of revaluation surplus/deficit, and the modes of distribution of surplus or losses.
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