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    Partnership Deed Presentation

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    jindalmehul03

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    © All Rights Reserved
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    Partnership Deed Presentation

    Uploaded by

    jindalmehul03
    14 views13 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    14 views13 pages

    Partnership Deed Presentation

    Uploaded by

    jindalmehul03

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 13

    Partnership Deed

    An Overview of Key Components and


    Concepts
    Presented by: [Your Name]
    Date: [Date]
    Contents
    • Introduction to Partnership Deed
    • Rules in Case of Absence of Partnership Deed
    • Profit and Loss Appropriation Account
    • Capital Accounts
    • Goodwill
    • Types of Goodwill
    • Factors Affecting Goodwill
    • Methods of Valuation of Goodwill
    Introduction to Partnership Deed
    • A partnership deed is a written agreement
    between partners of a firm.
    • It outlines the terms and conditions of the
    partnership.
    • It helps prevent disputes and
    misunderstandings.
    Rules in Case of Absence of
    Partnership Deed
    • Equal profit and loss sharing among partners.
    • No interest on capital.
    • No interest on drawings.
    • Interest on loans by partners at 6% per
    annum.
    • No partner entitled to a salary.
    Profit and Loss Appropriation
    Account
    • Used to distribute the net profit or loss among
    partners.
    • Credits include net profit and interest on
    drawings.
    • Debits include interest on capital, partners’
    salaries, and share of profit.
    Capital Accounts
    • Fixed Capital Accounts: Separate capital and
    current accounts.
    • Fluctuating Capital Accounts: Only one
    account per partner.
    • Reflects each partner's investment and
    drawings.
    Goodwill
    • An intangible asset representing the value of a
    firm’s reputation and customer relationships.
    • Appears on the balance sheet during
    partnership changes.
    Types of Goodwill
    • Purchased Goodwill: Acquired through
    purchase of a business.
    • Inherent Goodwill: Generated internally over
    time.
    Factors Affecting Goodwill
    • Quality of products/services
    • Customer satisfaction
    • Management efficiency
    • Market conditions
    • Brand value
    • Location
    Methods of Valuation of Goodwill
    • 1. Average Profit Method:
    • Goodwill = Average Profit × Number of Years’
    Purchase
    • 2. Super Profit Method:
    • Goodwill = Super Profit × Number of Years’
    Purchase
    • Super Profit = Average Profit - Normal Profit
    • 3. Capitalization Method:
    • Goodwill = Super Profit × (100 / Normal Rate
    Summary
    • Partnership deed is essential for smooth
    operation.
    • Absence of deed follows standard rules.
    • Proper accounting for profit, capital, and
    goodwill is crucial.
    • Goodwill valuation depends on multiple
    factors and chosen methods.
    Questions and Answers
    • Open the floor for questions from the
    audience.
    Thank You
    • Express gratitude to the audience for their
    attention.
    • Contact information for further queries.

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