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| No. | Modules / Units |
| 1 | Partnership Final Accounts based on Adjustment of Admission or Retirement / Death of a Partner during the Year: |
| Simple Final Accounts questions to demonstrate the effect on Final Accounts when a partner is admitted during the year or when Partner Retires / Dies during the year. Allocation of gross profit prior to and after admission / retirement / death when stock on the date of admission / retirement is not given and apportionment of other expenses based on time / Sales/other given basis Ascertainment of gross profit prior to and after admission/retirement / death when stock on the date of admission / retirement is given and apportionment of other expenses based on time / Sales / other given basis Excluding Questions where admission / retirement / death takes place in the same year | |
| 2 | Piecemeal Distribution of Cash : |
| Excess Capital Method only Asset taken over by a partner Treatment of past profits or past losses in the Balance sheet Contingent liabilities / Realization expenses/amount kept aside for expenses and adjustment of actual Treatment of secured liabilities | |
| Treatment of preferential liabilities like Govt. dues / labour dues etc Excluding: Insolvency of partner and Maximum Loss Method | |
| 3 | Amalgamation of Firms: |
| Realization method only Calculation of purchase consideration Journal/ledger accounts of old firms Preparing Balance sheet of new firm Adjustment of goodwill in the new firm Realignment of capitals in the new firm by current accounts / cash or a combination thereof Excluding: Common transactions between the amalgamating firms | |
| 4 | Conversion / Sale of a Partnership Firm into a Ltd. Company: |
| Realisation method only Calculation of New Purchase consideration, Journal / Ledger Accounts of old firms. Preparing Balance sheet of new company | |
| 5 | Accounting of Transactions of Foreign Currency: |
| In relation to Purchase and Sale of Goods, Services and Assets and Loan and Credit Transactions. Computation and Treatment of Exchange Rate Differences. |
| No. | Modules / Units |
| 1 | Partnership Final Accounts based on Adjustment of Admission or Retirement / Death of a Partner during the Year: |
| Simple Final Accounts questions to demonstrate the effect on Final Accounts when a partner is admitted during the year or when Partner Retires / Dies during the year.
Allocation of gross profit prior to and after admission / retirement / death when stock on the date of admission / retirement is not given and apportionment of other expenses based on time / Sales/other given basis Ascertainment of gross profit prior to and after admission/retirement / death when stock on the date of admission / retirement is given and apportionment of other expenses based on time / Sales / other given basis Excluding Questions where admission / retirement / death takes place in the same year |
|
| 2 | Piecemeal Distribution of Cash : |
| Excess Capital Method only
Asset taken over by a partner Treatment of past profits or past losses in the Balance sheet Contingent liabilities / Realization expenses/amount kept aside for expenses and adjustment of actual Treatment of secured liabilities |
|
| Treatment of preferential liabilities like Govt. dues / labour dues etc
Excluding: Insolvency of partner and Maximum Loss Method |
|
| 3 | Amalgamation of Firms: |
| Realization method only
Calculation of purchase consideration Journal/ledger accounts of old firms Preparing Balance sheet of new firm Adjustment of goodwill in the new firm Realignment of capitals in the new firm by current accounts / cash or a combination thereof Excluding: Common transactions between the amalgamating firms |
|
| 4 | Conversion / Sale of a Partnership Firm into a Ltd. Company: |
| Realisation method only
Calculation of New Purchase consideration, Journal / Ledger Accounts of old firms. Preparing Balance sheet of new company |
|
| 5 | Accounting of Transactions of Foreign Currency: |
| In relation to Purchase and Sale of Goods, Services and Assets and Loan and Credit Transactions.
Computation and Treatment of Exchange Rate Differences. |
