Partnership Accounts

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:31AM in AAT student discussion
I have entered myself for only 2 exam sittings which are PLB (Foundation) FRA (Intermediate)

I was wondering if Preparing a realision Account when the Partners Dissolves the company is in the FRA Syllabus.

Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Partnership Accounts

    Don't know the the syllabus has changed recently, but partnership accounts were in FRA when I did it last year.

    Jackie
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Partnership Accounts

    Yep they are in there!

    When did the standards change?

    I thought the last change was 2003?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Partnership Accounts

    There are detailed guidance notes on each unit in the 'Resource Centre'.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Partnership Accounts

    Sorry, what I ment to say is I know Parntership Accounts is in the Syllabus. But are we going to be tested on Disolving the Partnership Accounts in which we would be tested in preparing a Realisation Account?



    Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Partnership Accounts

    All you need to know with regard to partnership changes is how to deal with the admission or retirement of a partner. As Scotty said, there is detailed guidance on each of the units in the Resource Centre

    Chris
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Partnership Accounts

    Thank you for clarifying this. I can now concentrate on FRS,s & Long Term contract.

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