1. Dissolution is the same with winding up and termination.

2. Net investment method is also known as adjusted capital balance.

3. Dissolution is the point in time when the partnership affairs finally end.
4. Goodwill method is an approach where total contributed capital should equal to the
total agreed capital
5. Capitalist partner execute all acts of administration despite the opposition of each
partners.
6. Original assumption method does not record intangible asset in the partnership books.
7. Industrial partner is not exempted from liability to third persons for the debts of the
partnership.
8. Bonus method is an approach where total agreed capital exceeds total contributed
capital.
9. Industrial partner shall not be liable for any loss.
10. Partnership operations one concern is the distribution of profit and loss.
11. Capitalist partner cannot engage for their own account in any operation which of the
same kind of business in which the partnership is engage.
12. The distribution of partnerships income is based on their capital balances.
13. Industrial partner can engage in another business for himself.
14. A stipulation which excludes one or more partners from any share in the profit or loss
is valid.
15. The designation of share in the profits and losses is delegated to the partners.
1. Admission of a partner
2. Business
3. B = BR(Y)
4. Excess of the cost over fair value
of the identifiable net assets
5. Strategies of profits and
losses distribution
6. Methods of recording investments
7. Distribution of profits and losses
8. B = BR(Y-B-T)
9. Ignored if there is a loss
10. Strategies of profits and
losses distribution

a. Original Assumption
b. Partnership Operation
c. Bonus on Income after Bonus & After Tax
d. Bonus Agreement
e. Agreed ratio
f. Dissolution
g. PFRS No. 3
h. Bonus on Income Before Bonus & Before
Tax
i. Goodwill
j. Bonus on Income After Bonus but Before
Tax
k. Partnership Formation