Category: Accountancy Class 12

Dissolution of a firm: Dissolving a partnership firm means stopping the business under the name of said partnership firm. For this situation, all liabilities are

Retirement/Death of a Partner implies that the original structure of the partnership firm is discontinued from the happening of either of the two events. This

There are various Accounting Ratios Formulas which are used by various stakeholders to evaluate and assess the business performance. For ease of reference, these are summarized

Dissolution of Partnership Accounting – Dissolution by the Order of Court The partner may give an application to the court for dissolution of firm. The

Dissolution of Partnership Accounting is required when the relationship between the partners come to an end, this termination of agreement of partnership is known as

Dissolution of Partnership Accounting – Modes of dissolution without intervention of court: On the Basis of Mutual Agreement : A partnership firm is being setup

In case of Death of a Partner Accounts are drawn up to settle the account of the deceased partner. All the adjustments are being made in

Admission of a Partner Problems and Solutions covered in this post, represent part 2 of all the questions that we are providing along with detailed explanations and answers on the

Admission of Partner Solved Problems covered in this post, represent part 1 of all the questions that we are providing along with detailed explanations and answers on the topic  Admission of