CBSE Class 12 Accountancy Revised and Detailed Syllabus 2024-25 Part-A Accounting for Partnership Firms and Companies Unit-I: Accounting for Partnership Firms Partnership: features, Partnership Deed. Provisions of the Indian Partnership Act 1932 in the absence of a partnership deed Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits Past adjustments (relating to interest on capital, interest on drawing, salary, and profit-sharing ratio) Goodwill: meaning, nature, factors affecting, and methods of valuation - average profit, super profit, and capitalization. Note: Interest on the partner's loan is to be treated as a charge against profits. Goodwill: meaning, factors affecting, need for valuation, calculation methods (average profits, super profits, and capitalisation), adjusted through partners capital/ current account. Unit-II: Accounting for Partnership Firms - Reconstitution and Di...
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