Topics
Accounts from Incomplete Records
- Introduction to Accounts from Incomplete Records
- Meaning of Incomplete Records
- Features of Incomplete Records
- Limitations of Incomplete Records
- Differences Between Double Entry System and Incomplete Records
- Ascertaining Profit Or Loss from Incomplete Records Through Statement of Affairs
- Preparation of Final Accounts from Incomplete Records
Accounts of Not–For–Profit Organisation
Accounts of Partnership Firms–Fundamentals
- Introduction to Accounts of Partnership Firms–Fundamentals
- Meaning, Definition and Features of Partnership
- Application of the Provisions of the Indian Partnership Act, 1932 in the Absence of Partnership Deed
- Final Accounts of Partnership Firms
- Methods of Maintaining Capital Accounts of Partners
- Interest on Capital and Interest on Drawings of Partners
- Salary and Commission to Partners
- Interest on Loan from Partners
- Division of Profits Among Partners
- Profit and Loss Appropriation Account
Goodwill in Partnership Accounts
Admission of a Partner
- Admission of a Partner
- Adjustments Required at the Time of Admission of a Partner
- Distribution of Accumulated Profits, Reserves and Losses
- Admission of a Partner - Revaluation of Assets and Liabilities
- New Profit Sharing Ratio and Sacrificing Ratio
- Adjustment for Goodwill
- Adjustment of Capital on the Basis of New Profit Sharing Ratio
Retirement and Death of a Partner
- Retirement and Death of a Partner
- Adjustments Required on Retirement of a Partner
- Distribution of Accumulated Profits, Reserves and Losses
- Revaluation of Assets and Liabilities
- Determination of New Profit Sharing Ratio and Gaining Ratio
- Adjustment for Goodwill
- Adjustment for Current Year’s Profit or Loss upto the Date of Retirement
- Settlement of the Amount Due to the Retiring Partner
- Adjustments Required on the Death of a Partner
Company Accounts
- Introduction to Company Accounts
- Meaning and Definition of a Company
- Characteristics of a Company
- Meaning and Types of Shares
- Divisions of Share Capital
- Issue of Equity Shares
- Process of Issue of Equity Shares
- Issue of Shares for Cash in Instalments
- Issue of Shares for Cash in Lumpsum
- Issue of Shares for Consideration Other than Cash
Financial Statement Analysis
Ratio Analysis
Computerised Accounting System-Tally
- Introduction to Computerised Accounting System-tally
- Applications of Computerised Acounting System (CAS)
- Automated Accounting System
- Designing the Accounting Reports
- Data Exchange with Other Information System
- Application of Computerised Accounting System – Tally with Gst Package
- Practical Application of Accounting Software – Tally.Erp 9
description
- Fixed capital method
- Fluctuating capital method
- Differences between fixed capital method and fluctuating capital method
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Related QuestionsVIEW ALL [7]
From the following information, prepare capital accounts of partners Rooban and Deri, when their capitals are fixed.
| Particulars | Rooban ₹ |
Deri ₹ |
| Capital on 1st April, 2018 | 70,000 | 50,000 |
| Current account on 1st April, 2018 (Cr.) | 25,000 | 15,000 |
| Additional capital introduced | 18,000 | 16,000 |
| Drawings during 2018 – 2019 | 10,000 | 6,000 |
| Interest on drawings | 500 | 300 |
| Share of profit for 2018 – 2019 | 35,000 | 25,800 |
| Interest on capital | 3,500 | 2,500 |
| Salary | Nil | 18,000 |
| Commission | 12,000 | Nil |
Arun and Selvam are partners who maintain their capital accounts under fixed capital method. From the following particulars, prepare capital accounts of partners.
| Particulars | Arun ₹ |
Selvam ₹ |
| Capital on 1st January, 2018 | 2,20,000 | 1,50,000 |
| Current account on 1st January, 2018 | 4,250 (Dr.) | 10,000 (Cr.) |
| Additional capital introduced during the year | Nil | 70,000 |
| Withdrew for personal use | 10,000 | 20,000 |
| Interest on drawings | 750 | 600 |
| Share of profit for 2018 | 22,000 | 15,000 |
| Interest on capital | 1,100 | 750 |
| Commission | 6,900 | Nil |
| Salary | Nil | 6,850 |
From the following information, prepare capital accounts of partners Padmini and Padma, when their capitals are fluctuating.
| Particulars | Padmini ₹ |
Padma ₹ |
| Capital on 1st January 2018 (Cr. balance) | 5,00,000 | 4,00,000 |
| Capital on 1st January 2018 (Cr. balance) | 70,000 | 40,000 |
| Interest on drawings | 2,000 | 1,000 |
| Share of profit for 2018 | 52,000 | 40,000 |
| Interest on capital | 30,000 | 24,000 |
| Salary | 45,000 | Nil |
| Commission | Nil | 21,000 |
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