Partnership Fundamental

Session - 2022-23

Vaibhav Singhal
Weightage as per CBSE Sample Paper
 Partnership Basics
S.No Chapter 1 Mark 3 Marks 4 Marks 6 Marks Total
1 Partnership Basics 7 + 1* 2 - - 13 or 14
a) Partnership
Fundamental
b) Goodwill – Valuation
c) Change in PSR

Partnership Fundamental Goodwill – Valuation Change in PSR

Provisions of Partnership Act All the methods Calculation of ratios
Calculation of Interest on drawings a) Average profit Accumulated profits and losses
Profit and Loss Appropriation Account b) Super Profit Goodwill – Treatment
Past adjustment c) Capitalisation Revaluation Account
Guarantee to a partner Preparation of capital account
 Partnership Admission
S.No Chapter 1 Mark 3 Marks 4 Marks 6 Marks Total
2 Admission of a Partner 2 - - 1* 8

Admission of a Partner
Calculation of ratios – Sacrificing and new
Accumulated profits and losses
Goodwill – Treatment
Revaluation Account
Preparation of capital account
Capital adjustments
 Partnership Retirement and Death
S.No Chapter 1 Mark 3 Marks 4 Marks 6 Marks Total
3 Retirement or Death of a 1* 1 - 1 + 1* 14
Partner

Retirement or death of a Partner

Calculation of ratios – Sacrificing and new
Accumulated profits and losses
Goodwill – Treatment
Revaluation Account
Preparation of capital account
Capital adjustments
Executor Account
Calculation of share till death
Deceased partner capital account
 Partnership Dissolution
S.No Chapter 1 Mark 3 Marks 4 Marks 6 Marks Total
4 Dissolution of a Partner 1 - 1 - 5

Dissolution of a Partner
Realisation account, partners capital account, cash account
Journal entries
 Issue of Share Capital
S.No Chapter 1 Mark 3 Marks 4 Marks 6 Marks Total
5 Issue of Shares 4 1* 1 1 17

Issue of Shares
Preparation of balance sheet
Consideration other than cash
Pro-rata allotment
Forfeiture and Reissue of shares
 Issue of Debenture
S.No Chapter 1 Mark 3 Marks 4 Marks 6 Marks Total
6 Issue of Debentures 1 1* - 1 10

Issue of Debentures
Preparation of balance sheet
Consideration other than cash
Pro-rata allotment
Term of issue and redemption