Partnership Accounting
April 21, 2012
To
MS. Nusrat Khan Lecturer, Department of Finance, Faculty of Business Studies, University of Dhaka.
Subject: Submission of Term Paper on “Partnership Accounting”.
Dear Madam,
It is an honor for us to submit the `Project Report’ on “Partnership Accounting” which is prepared as a partial requirement of the course named “Accounting Principles (F- 103)” of BBA program under Department of Finance of the Faculty of Business Studies, University of Dhaka.
The main objective of study to help the student to have a clear concept about partnership accounting and give the idea of theoretical and mathematical issues of the partnership business. This content really helps us to understand about business world of partnership and now we have details knowledge of partnership business.
We would like to convey our special thanks and gratitude to you for patronizing our effort & for giving us proper guidance and valuable advice. We have tried our best to cover all the relevant fields. We earnestly request you to call upon us if you think any further work should be done on the topic that you have chosen for us. Thanking you and looking forward to receive your cordial approval of our submission.
Yours Sincerely,
Chapter Content
Page No.
Executive Summary
6
One
Introduction
1.0: Introduction 1.1: Origin of the Report
1.2: Objectives of the Report
1.3: Methodology
1.4: Scope of Report
1.5: Limitation of Report
7
8
8
8
8
9
9
Two
Partnership Theoretical
2.1: Partnership
2.2: Partnership Agreement
2.3: Characteristics of Partnership
2.4: Advantages of Partnership
2.5: Disadvantages of Partnership
10
11
11
11
12
12
Three
Partnership Accounting Case and Illustration
3.1: Partnership Capital’s Account
3.2: Partnership Drawing Account
3.3: Allocation of Net Income or Loss
3.4: Financial Statement o Partnership
3.5: Admission of Partner
3.6: Retirement of Partner
3.7: Liquidation of Partnership
13
14
16
18
22
25
29
30
As a course
To
MS. Nusrat Khan Lecturer, Department of Finance, Faculty of Business Studies, University of Dhaka.
Subject: Submission of Term Paper on “Partnership Accounting”.
Dear Madam,
It is an honor for us to submit the `Project Report’ on “Partnership Accounting” which is prepared as a partial requirement of the course named “Accounting Principles (F- 103)” of BBA program under Department of Finance of the Faculty of Business Studies, University of Dhaka.
The main objective of study to help the student to have a clear concept about partnership accounting and give the idea of theoretical and mathematical issues of the partnership business. This content really helps us to understand about business world of partnership and now we have details knowledge of partnership business.
We would like to convey our special thanks and gratitude to you for patronizing our effort & for giving us proper guidance and valuable advice. We have tried our best to cover all the relevant fields. We earnestly request you to call upon us if you think any further work should be done on the topic that you have chosen for us. Thanking you and looking forward to receive your cordial approval of our submission.
Yours Sincerely,
Chapter Content
Page No.
Executive Summary
6
One
Introduction
1.0: Introduction 1.1: Origin of the Report
1.2: Objectives of the Report
1.3: Methodology
1.4: Scope of Report
1.5: Limitation of Report
7
8
8
8
8
9
9
Two
Partnership Theoretical
2.1: Partnership
2.2: Partnership Agreement
2.3: Characteristics of Partnership
2.4: Advantages of Partnership
2.5: Disadvantages of Partnership
10
11
11
11
12
12
Three
Partnership Accounting Case and Illustration
3.1: Partnership Capital’s Account
3.2: Partnership Drawing Account
3.3: Allocation of Net Income or Loss
3.4: Financial Statement o Partnership
3.5: Admission of Partner
3.6: Retirement of Partner
3.7: Liquidation of Partnership
13
14
16
18
22
25
29
30
As a course