Chapter -1 Preparation of Final Account of Sole Properties

• Introduction
• Preparation of Final Accounts
• Trading Account
• Trading Account Items
• Profit and Loss Account
• Closing Entries
• Adjustment Entry
• Balance Sheet
• Arrangement of Assets and Liabilities
• Classification of Assets and Liabilities
• Provision and Reserve

Chapre -2 Final Account for Manufactures Entities

• Manufacturing Cost
• Direct Manufacturing Expenses
• Design of Manufacturing Account

Chapter -3 Partnership Account

• Introduction of Partnership Account
• Definition and Features of Partnership
• Limited Liability Partnership
• Distinction between an Ordinary Partnership Firm and LLP
• Main Clause in Partnership Deed
• Powers of Partners
• Profit and Loss Appropriation
• Fixed and Fluctuating Capital
• Interest on Drawing
• Admission of New Partner
• Revaluation of Account or Profit and Loss Adjustment Account
• Retirement of Partners
• Final Payment to A Retirement Partner