New Profit Sharing Ratio on Admission
There is change in the profit sharing ratio of the existing partners also, depending on the partnership agreement.
Admission of New Partner
Fundamentals of Partnership Accounting
Profit and Loss Appropriation Account
Profit and Loss Appropriation Account is a nominal account prepared for the purpose of distributing profits/losses …
Sources of Business Finance
Need of Business Finance
‘Business Finance’ refers to the amount and sources of money required for business purposes.
Change in Profit Sharing Ratio
Change in Profit Sharing Ratio of Partners
Change in profit sharing ratio of partners involve sacrifice or gain made by the partners…
Fundamentals of Partnership Accounting
Partnership Deed
Partnership deed is a written agreement among the partners containing the terms and conditions …
Sources of Business Finance
Sources of Business Finance Questions
Q. Give the full form of GDR, ADR. Q. What do you mean by business finance? Q. Why do business…
Valuation of Goodwill
Goodwill – Meaning and Valuation
Goodwill is the benefit of reputation and links of the business, an attractive force that brings in customers. …
Business Studies Class 11, General - Business Studies 11
Business Studies Project Guidelines Class 11
The topic should be assigned after discussion with the students in the class and should then be discussed…
General - Accountancy 12
Common Mistakes in Accountancy Exam Class 12
Most common mistakes made by the students attempting 12th Accountancy exam. have been mentioned here.
Introduction to Accounting
Basic Accounting Terms
A beginner in Accountancy must understand some basic terms. All the topics further are based on the knowledge of these basic terms.