This week in class

• Numerical related to the death of the partner was solved.
• How to make Executors account was discussed in the class.
• Payment to executor and loan account was also discussed and numerical were solved in the class.

This week in class

• Done capital adjustment.
• Loan account of retiring partner.
• Introduced Topic Death of a partner.
• Distribution of profit as per time basis and turnover basis was discussed and numericals regarding the topic was solved.
• Treatment of goodwill was done.

Work done in class.

• Change in profit sharing ratio, concept of gaining ratio.
• Treatment of goodwill at the time of retirement of a partner.
• Treatment of Reserves and surplus.
• Prepartion of revaluation account.

This week in class

• Retirement of a partner was introduced.