Q.No 13, 14, 15 & 16 | Goodwill | Retirement of a Partner, Class 12th | TS Grewal Solutions  2020-21
Channel: Jitendra Singh Jat
Date: 2020-12-27

TS Grewal Solutions, Treatment of Goodwill, Retirement of a partner, Partnership, Fundamentals.
Q.No 13, 14, 15 & 16 | Retirement of a Partner | Class 12th | TS Grewal Solutions | 2020-21
#TreatmentOfGoodwill
Sunil, Shahid and David are partners sharing profits and losses in the ratio of 4 : 3 : 2.
P,Q,R and S were partners in a firm sharing profits in the ratio of 5 : 3 : 1 : 1.
Aparna, Manisha and Sonia are partners sharing profits in the ratio of 3 : 2 : 1.
A, B and C are partners sharing profits in the ratio of 3 : 2 : 1.

In these questions you will learn what is the treatment of goodwill in case of retirement of a partner.
Journal Entries in case of Retirement of a partner for the purpose of goodwill.
How to calculate goodwill of retiree partner and distribution of goodwill to him by Gaining partners.

In this channel especially following topics will be covered:
Fundamental of Partnership Accounting: (Change in Profit Sharing Ratio, Admission of a Partner, Retirement of a Partner, Death of a Partner and Dissolution of Partnership)
Profit & Loss Account, Profit & Loss adjustment Account, Profit & Loss Appropriation Account, Partner’s Capital Account, Past Adjustments, Guarantee of Profit, Interest on Capital, Interest on drawings and Journal Entries. Revaluation Account, Treatment of Goodwill, Reserves and Accumulated Profits, Realisation Account and Partner’s Loan Account. 
Company Accounts: Accounting for Share Capital and Accounting for Debentures
Not for Profit Organizations: Receipt and Payment Account, Income and Expenditure Account, Subscription Account and Balance Sheet.


Jitendra Singh Jat
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jitendra.singh2104@gmail.com

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Very Important topics:
How to prepare Revaluation Account:
https://www.youtube.com/watch?v=aeFIZ...

How to prepare Provision for Depreciation Account:
https://www.youtube.com/watch?v=dWvpH...

How to calculate Subscription of Current Year:
https://www.youtube.com/watch?v=9_DId...

How to prepare Cash Flow Statement:
https://www.youtube.com/watch?v=B-Pj5...

Top Playlist: TS GREWAL SOLUTIONS
1. Fundamental of Partnership Accounting:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3W2zuVQYX_gu5M5f-R9FWl   

2. Not for Profit Organisation:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC2zApAy82hZ_vpE1RfvUQfN    

3. Admission of a Partner:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3M3RGndImKijVJx2Uas55z     

4. Retirement of a Partner:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3ztU87JZiZ0pp3QvSw8cgb    

5. Death of a Partner:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3UzSoqfRA_9_f0vL648kcv   

6. Dissolution of a Partner: https://www.youtube.com/playlist?list=PLKtrjBPE0kC2Y21zZl2m78y15GVxb6zJB  

7. Accounting for Share Capital: https://www.youtube.com/playlist?list=PLKtrjBPE0kC3fD0oAE92197L5PDCv_qbv  

8. Accounting for Issue of Debentures: https://www.youtube.com/playlist?list=PLKtrjBPE0kC2-aof4Y1tFe-wurCQ5XazJ 

9. Cash Flow Statement: https://www.youtube.com/playlist?list=PLKtrjBPE0kC0ZKNFy_saFLOSUG0WlMc05

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