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Tuesday, October 27, 2015

Testbanks: GAAP Accounting for Partnerships compiled by Hilario Tan (2009 Edition)

This testbank covers accounting for partnerships which include the following subtopics:
1) Partnership Formation
2) Admission of New Partners
       a) Purchase Method
       b) Bonus Method
       c) Goodwill Method
3) Distribution of Income
       a) Interest Change in Capital Account
       b) Partner's Share in Profits: Bonus Computation
       c) Total Partnership Income
4) Retirement of Partners
       a) Revaluation of Assets
       b) Bonus Method
       c) Goodwill Method
5) Liquidation of Partnerships
       a) Lump Sum Liquidation
       b) Installment Liquidation

Furthermore, the testbank covers both multiple choice theories and problems. There are several exercises and discussions at the end of the material. Several sources covered by the material include Gleim, RPCPA, and AICPA.

Here's the download link.

Enjoy learning!

*Author's Note: These materials are intended solely for review and academic use specifically published to help aspiring CPA Reviewees and accountancy students prepare for the Philippine Certified Public Accountant (CPA) Board Examinations. Copying and distributing such materials are considered violations of the copyright law and may result to legal proceedings.

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