DEEP ANALYSIS of BST by Khushank Mathur (Efforts of 02 months)

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Accounts - MOST IMPORTANT TOPICS (You can’t afford to Skip these)

S No. Chapter’s Name Most Important Topics

01 Fundamentals of  Applicability of Indian Partnership Act,
Partnership 1932 in case of Disputes between
Partner’s
 IOD Calculation in case of Regular
Drawing & when date is not given
 IOC – specifically interest on opening
capital question
 Past Adjustments – wrong distribution of
profit or profit distribution in case of
insufficient profits
 Guarantee of Partner – Loss Case
02 Good will Calculation  Calculation of FMP/ Profit in
case of abnormal loss &
abnormal gain incl.
rectification of error
03 Admission & Retirement  Revaluation A/C – specifically over
of Partner valued & undervalued and Provision
 Capital A/c – Goodwill brought &
withdrawn by Partner
 Goodwill not brought by opening of
Current A/c
 General Reserve, P&L and
Advertisement Suspense A/c
04 Death of Partner  Profit Calculation – when change in
PSR & no change in PSR
 Deceased Partner Executor’s A/c
05 Dissolution  Creditor’s took over an asset
 Journal Entries using Realization A/c
06 Shares  Pro-Rata Probably till Allotment
 Forfeiture of share when shares are
forfeited before final call & after final
call
 Partial Re-issue of share when
Multiple Share Holder’s shares are
forfeited
 Other than Cash
 Extract of Balance sheet
07 Debentures  Issue entry with taking into
consideration Terms of Redemption
 Collateral
 Adjustment of Loss on Issue of
 Debenture with SPR A/c followed by
Directly Statement of P&L A/c
08 Theory of FST  Heads & Sub Head
 Limitation of FST
 Type of Analysis
 Users of FST
09 Ratios Analysis  Theory – TS Grewal Summary
 Liquidity Ratio – Current Ratio &
Quick Ratio
 Solvency Ratio – Debt Equity Ratio &
Proprietary Ratio
 Active Ratio – Inventory T/o Ratio,
DSCR
 Profitability Ratio – ROI, GP Ratio
10 Cash Flow Statement  Depreciation on Fixed Asset with &
without Accumulated Depreciation
 Intangible asset increase & decrease
treatment
 Profit before interest & Tax, Proposed
Dividend
 Provision for Tax, Income Tax
Treatment incl. Refund of Tax
 CA & CL increase and decrease

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