Ch 5 · Partnership Accounts

5 concept points · 5 formulas · 4 exam-critical points.

🗺️ Chart summary

Partnership Events
       |
       +-- Admission ----> Goodwill / Revaluation
       +-- Retirement ---> Settle dues, gaining ratio
       +-- Death --------> Up-to-date P&L share
       +-- Dissolution --> Realisation A/c