• This is a dynamic subject which is constantly evolving to keep pace with changes and new development in business.
  • There has been continuous change taking place at the National and International level.
  • The aim of this subject is to facilitate the students with the understanding of preparing final accounts of partnership firm, and not for profit concern.
  • This subject also focus on the reconstitution of partners such as admission, retirement and death of partner.
  • Accounting procedure related to dissolution of the firm is also taught.
  • Topics like accounting on shares are taught to make the students understand the different ways in which accounts can be maintained when shares are allotted to public