Gaurav Marwah (MT) (69 Points)
21 March 2012Hi friends,
Can anyone help me to guide what are relevant segment in partnership to cover for IPCC group 2. As i am confused about retirement,admission & death also inculed in Group 2. Should i prepare those or only disolution & insolvency
Kindly forecast me regarding in this.
Regards
Gaurav
Padmakshi Khetan
(CA Final)
(160 Points)
Replied 21 March 2012
as per me u should have a brief revision of partnership in group-1 accounts to be on the safer side..bcoz they r related...in case if u get a Q where a partner gets admitted by a firm nd after admission within a year the firm gets dissolved..thn u have to adjust the premium paid by him on dissolution..then a part of group1 partnership wil b applicable...
Gaurav Marwah
(MT)
(69 Points)
Replied 24 March 2012
Dear Padmakshi,
I just wanted to knw how many segments cover in IPCC 2 partnership as i am confused about admission,retirement & death
Please help me to understand except disolution what else required to be prepare in partnership
Rgards
Gaurav
Padmakshi Khetan
(CA Final)
(160 Points)
Replied 24 March 2012
in partnership u need 2 prepare:
1. dissolution of a firm
2. amalgamation of firms..
3. conversion of a firms..
nd when i went through this chapter few days ago...i noted the thing which i told earlier...
which means...that Q's containing admission of a partner is there...so prepare mainly 4 dissolution i.e., grup 2 parnership...and keep an idea of JLP nd Goodwil of admission's chapter....
nd 1 more thing...2 be very clear abt this u can check practice manual nd RTP for 2012 which i havent checkd yet...
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