Reserves and capital readjustment

Accounting for Business

• 1 Accounting for Partnership

  • Partnership foundations and deed
  • Capital, remuneration and loans
  • Profit appropriation
• 2 Admission of New Partner

  • Admission and financial effects
  • Reserves and capital readjustment
  • Old profits and mid-year admission
• 3 Retirement and Death of a Partner

  • Ratios and financial adjustments
  • Amounts due and settlement
  • Death and insurance accounting
• 4 Dissolution of a Partnership Firm and Piecemeal Distribution

  • Dissolution and final settlement
  • Piecemeal distribution
• 5 Accounting for Consignments

  • Consignment foundations
  • Valuation, losses and commission
  • Interest and goods taken over
• 6 Accounting for Joint Ventures

  • Joint venture foundations and comparisons
  • Accounting methods
• 7 Accounting for Branch

  • Branch types and records
  • Consolidation and head office entries
  • Branch adjustments
• 8 Accounting for Department of Activity

  • Department foundations and accounts
  • Expense allocation and inter-department transfers
• 9 Accounting for Packages or Containers

  • Container foundations and missing terms
  • Returnable and non-returnable containers
• 10 Accounting Professional Men

  • Professional accounting foundations
  • Statements and adjustments
• 11 Accounting for Royalties

  • Royalty foundations
  • Royalty accounting treatment
• 12 Accounting for Hire Purchase System

  • Hire purchase and calculations
  • Purchaser and vendor accounting
• 13 Accounting for Installment System

  • Installment foundations and comparison
  • Calculations and accounting treatment
• 14 Project Work

  • Project requirement
  • Assignment and preparation