KSR Academy

Partnetrship Accounting

Your next steps will depend on your interests, career goals, and the level of expertise you want to develop.

  • Speaker Karan Singh
  • Duration 350+ Hours
  • Lessons 500+ Lessons
4

Validity

18 Months

Certificate

YES

Module

1 Module

Course Description

This course is designed to provide a clear understanding of the principles, procedures, and practical aspects of partnership accounting. It is ideal for students, aspiring accountants, and business owners who want to gain expertise in handling partnership firm accounts.

What You Will Learn:

  • Fundamentals of partnership accounting

  • Capital and current accounts of partners

  • Profit & loss appropriation account

  • Interest on capital, drawings, and partner salaries

  • Admission, retirement, and death of a partner

  • Revaluation of assets and liabilities

  • Treatment of goodwill

  • Dissolution of partnership firms with accounting entries

Key Features:

  • Step-by-step explanations with practical examples

  • Real-life case studies for better understanding

  • Suitable for beginners as well as advanced learners

  • Easy-to-follow lessons with professional guidance

Who Should Enroll:

  • Commerce and accounting students

  • CA/CMA/CS aspirants

  • Accountants and bookkeepers

  • Business owners managing partnership firms

Key Features

What will you Learn in this Course ( CONTENT)

  • Lec-1 Introduction of Partnership Account
  • Lec-2 P & L Appropriation ac Partnership
  • Lec-3 Guarantee of Profit to a Partner Partnership
  • Lec-4 Admission of Partner Partnership Account
  • Lec-5 Retirement of Partner Partnership Account
  • Lec-6 Capital Account in Tally Prime Partnership account
  • Lec-7 Partner’s Remuneration And How It Is Calculated?
  • Lec-8 Type of Partnership Firm
  • Lec-9 Type of Partner
  • Lec-10 Registration of Partnership Firm
  • Lec-11 LLP registration
  • Lec-12 Introduction of Balance sheet
  • Lec-13 Opening Balance Match with audited Data
  • Lec-14 Ledger Scrutiny and Document Required
  • Lec-15 Loan Interest Adjustment Part-1
  • Lec-16 Loan Interest Adjustment Part-2
  • Lec-17 How to Create and Adjust Provision
  • Lec-18 Cash Entry and Negative Balance Adjustment
  • Lec-19 How to Match Tally Data with 26AS , TIS & AIS Report
  • Lec-20 GST Match – Tax Liabilities and ITC comparison
  • Lec-21 GST Match – Tally Data Match with GSTR-2B
  • Lec-22 Setoff Output Tax against Input Tax Entry in Tally Prime Part-1
  • Lec-23 Setoff Output Tax against Electronic Credit and Cash Ledger in Tally Prime Part-2
  • Lec-24 How to Calculate Depreciation and Entry in Tally Prime
  • Lec-25 Raw material convert into Finished Goods Entry in Tally Prime
  • Lec-26 How to Adjust Gross Profit and Net profit by Closing Stock
  • Lec-27 Partnership Firm Balance Sheet Scrutiny
  • Lec-28 Match Electronic Cash Ledger in Tally Prime
  • Lec-29 Match Electronic Credit Ledger in Tally Prime
  • Lec-30 Match Input Tax Ledger in Tally Prime
  • Lec-31 TDS & TCS adjust against Income Tax Payable
  • Lec-32 Adjustment Entry in Partner Capital Account
  • Lec-33 Prepare Trading & profit and Loss Account in Excel Format Part-1
  • Lec-34 Prepare Balance Sheet with Schedules in Excel Format
  • Lec-35 Prepare Partner Capital Account in Excel Format 

course completion certificate

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Frequently Asked Questions

Click on Enroll Now Button. > Clicking the Course Page will Open> Click on Get this course. > Fill Detail and Verify Mobile number with Mobile OTP. > Make payment via UPI, Debit card and Credit Card> After payment you will get access immediately.

Yes ! You can Download Videos in Mobile Application, You Can watch it in Offline Mode without Internet.

For Laptop or PC Visit www.ksracademy.com >click on Login > Enter your Registered mobile number > Verify OTP with Registered Mobile Number.

Yes ! you will have our WhatsApp support.

The validity of the course is 18 Months.

Yes, you will get Accounting, Tally Prime eBook and practice file.

Yes ! You will Get A Certificate.

There is No Refund Policy.

There will be a live doubt session Monday to Friday 8PM.