The chapter deals with the concept of change in profit sharing ratio among the existing partners. It also explains the distribution of goodwill ,reserves, profits and losses. Preparation of revaluation account and partner's capital account is explained.
Retirement of partner is explained in this chapter. The Chapter is explained according to class 12
Death of the partner is explained in Class 12 Accountancy
Class 12 chapter 8 dissolution of partnership is explained.
In this chapter, fundamentals of partnership are explained. Each topic is covered with a lot of questions.