Unit – 1: Accounting for Partnership Firm
Q1. What is meant by Partnership Deed? What provisions relating to accounts are
ordinarily mentioned in partnership deed?
"Partnership deed एक ऐसा दस्तावेज़ होता है जिसमें पार्ट नसट के बीच के accounting rules, profit
sharing, interest on capital िैसी बातें तय होती हैं । ये document dispute होने पर बहुत helpful
होता है ।"
Q2. Distinguish between fixed capital method and fluctuating capital method.
Fixed method में capital constant रहती है , िबजक fluctuating में capital बदलती रहती है — िैसे
interest, Dr.awings, bonus वगैरह के कारण।"
Q3. When are opened Partners' Current Accounts? Which items are entered in Partners'
Current Accounts?
"Current Account तब खोले िाते हैं िब capital fixed होती है । इसमें interest on capital, salary,
Dr.awings, profit-loss share आजद एं र्र जकए िाते हैं ।"
Q4. In how many ways the Goodwill is recorded in the books when the new partner brings
his share of goodwill in cash? Give Journal Entries.
"Goodwill recording के तीन तरीके होते हैं — Premium method, Hidden method और
Revaluation method। साथ ही, journal entries भी याद रखना ज़रूरी है ।"
, Unit – 2: Dissolution, Amalgamation, Conversion
Q1. What is meant by dissolution of Partnership? What accounting record is made on
dissolution of Partnership?
"िब पार्ट नरजिप business बंद होता है , तो उसे dissolution कहते हैं । इसमें realization account,
partner capital account और cash account maintain जकया िाता है ।"
Q2. What is amalgamation? Describe its objects, advantages and disadvantages.
"Amalgamation यानी दो firms का जमलना। इसका उद्दे श्य है synergy, resources का better use,
और competition कम करना। पर साथ ही, management conflict भी हो सकता है ।"
Q3. What do you understand by conversion of a partnership firm into a Joint Stock
Company? Describe the accounting procedure regarding it.
"Conversion में firm को एक company में बदला िाता है । इसके जलए realization account बनाया
िाता है और assets-liabilities को company को transfer जकया िाता है ।"
Q1. What is meant by Partnership Deed? What provisions relating to accounts are
ordinarily mentioned in partnership deed?
"Partnership deed एक ऐसा दस्तावेज़ होता है जिसमें पार्ट नसट के बीच के accounting rules, profit
sharing, interest on capital िैसी बातें तय होती हैं । ये document dispute होने पर बहुत helpful
होता है ।"
Q2. Distinguish between fixed capital method and fluctuating capital method.
Fixed method में capital constant रहती है , िबजक fluctuating में capital बदलती रहती है — िैसे
interest, Dr.awings, bonus वगैरह के कारण।"
Q3. When are opened Partners' Current Accounts? Which items are entered in Partners'
Current Accounts?
"Current Account तब खोले िाते हैं िब capital fixed होती है । इसमें interest on capital, salary,
Dr.awings, profit-loss share आजद एं र्र जकए िाते हैं ।"
Q4. In how many ways the Goodwill is recorded in the books when the new partner brings
his share of goodwill in cash? Give Journal Entries.
"Goodwill recording के तीन तरीके होते हैं — Premium method, Hidden method और
Revaluation method। साथ ही, journal entries भी याद रखना ज़रूरी है ।"
, Unit – 2: Dissolution, Amalgamation, Conversion
Q1. What is meant by dissolution of Partnership? What accounting record is made on
dissolution of Partnership?
"िब पार्ट नरजिप business बंद होता है , तो उसे dissolution कहते हैं । इसमें realization account,
partner capital account और cash account maintain जकया िाता है ।"
Q2. What is amalgamation? Describe its objects, advantages and disadvantages.
"Amalgamation यानी दो firms का जमलना। इसका उद्दे श्य है synergy, resources का better use,
और competition कम करना। पर साथ ही, management conflict भी हो सकता है ।"
Q3. What do you understand by conversion of a partnership firm into a Joint Stock
Company? Describe the accounting procedure regarding it.
"Conversion में firm को एक company में बदला िाता है । इसके जलए realization account बनाया
िाता है और assets-liabilities को company को transfer जकया िाता है ।"
