Accounting for partnership firm – Class 12 Accounts Notes

Contents

1. Fundamentals principles of partnership firm ( profit and loss appropriation account , partners capital account, balance sheet.)

2. Goodwill

3. Change in profit sharing ration among the existing partners

4. Admission of a new partner

5. Retirement and death of a partner

6. Dissolution of partnership firm

7. Accounting ratio

8. Cash flow statement ( cash flow from operating, investing and financial activities)

All chapters have lots of practical question and solutions with working notes