Changes in a partnership
What happens in the books when a partner joins, a partner retires or the profit share changes, and why goodwill sits at the centre of each one.
See the first roomWhat goodwill is and how to value it
Rooms in this module
How this works
Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.
Questions
How many rooms and questions are in Changes in a partnership?
4 rooms and 38 questions. Every question is marked at once.
How long does it take?
About 42 minutes in all. A room takes 10 to 11 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium. Each room shows the start of its first task before you pay.
What should I do first?
Partnership accounts. It is the module before this one in Final accounts.