Appropriation Account
At the end of this lesson, the students should be able to understand Appropriation Account
Inherent Goodwill
At the end of the lesson, the student should be able to understand Inherent Goodwill
Purchase Goodwill
At the end of the lesson, the student should be able to understand Purchase Goodwill
Goodwill
Determine a new profit sharing ratio.
Raise goodwill account in the partners book.
Prepare a new partnership account.
Manufacturing Account (II)
Explain the following
* Prime cost
* Direct/indirect labour
* overhead (works, indirect expenses)
* work in Progress.
* Cost of Production.
Identify the items that make up the manufacturing account to trading accounts.
Prepare manufacturing accounts
Relates manufacturing account to trading account.
Prepare a balance sheet.
Preparation of Accounts: Partnership Capital Account
Understanding preparation of Accounts: Partnership Capital Account – Manufacturing and Patnership Account
Kinds of Partnership and Types of Partners: Partnership Capital Account
Understanding kinds of Partnership and types of Partners: Partnership Capital Account – Manufacturing and Partnership Account
Final Account of a Partnership
define partnership
prepare capital account
identify capital account
identify different types of capital.
Admission of a new partner and Goodwill Account.
Determine a new profit sharing ratio.
Raise goodwill account in the partners book.
Prepare a new partnership account.
Current Account
Determines partners current account balances
Prepare current account.
Partnership Capital Account
define partnership
prepare capital account
identify capital account
identify different types of capital.
Profit and Loss Appropriation
Determine net profit
Determine partner’s share of profit
Manufacturing Account (I)
Explain the following
* Prime cost
* Direct/indirect labour
* overhead (works, indirect expenses)
* work in Progress.
* Cost of Production.
Identify the items that make up the manufacturing account to trading accounts.
Prepare manufacturing accounts
Relates manufacturing account to trading account.
Prepare a balance sheet.
Depreciation Of Assets
At the end of this lesson, the students should be able to understand the Depreciation Of Assets
Method of preparing a depreciation account: Depreciation Of Assets
At the end of this lesson, the students should be able to understand the Depreciation Of Assets
Depreciation Of Assets 4
At the end of this lesson, the students should be able to understand the Depreciation Of Assets
Straight line method:Depreciation Of Assets
At the end of this lesson, the students should be able to understand the depreciation Of Assets
Disposal of fixed asset
At the end of this lesson, the students should be able to understand the Depreciation Of Assets
Depreciation Of Assets:The Reducing balance method
At the end of this lesson, the students should be able to understand Depreciation Of Assets
Reducing balance or written down value method
Identifying reducing balance method in depreciation items.
Calculating and post provision for depreciation to final accounts.