### Senior Secondary 2 Financial Accounting: Partnership Accounts VI - Dissolution of Partnership
#### Lesson Plan
**Duration:** 90 minutes
**Objective:** By the end of the lesson, students should be able to:
1. Understand the concept of dissolution of a partnership.
2. Recognize the reasons for dissolution.
3. Prepare accounts related to the dissolution of a partnership, including the Realisation Account, Partner's Capital Account, and Cash/Bank Account.
4. Distribute the partnership assets and liabilities accurately among partners.
### Lesson Flow
---
**1. Introduction (10 minutes)**
*Greet the class and set the stage for the lesson.*
**Teacher:**
- **Attention Grabber:** Share a brief story or real-world example where a business partnership was dissolved.
- **Objective Explanation:** Explain the objective of the lesson clearly and why understanding the dissolution process is important in financial accounting.
**Student Activity:**
- **Initial Thoughts:** Have students discuss in pairs what they think dissolution of a partnership means and what could be the possible reasons for it.
---
**2. Theoretical Explanation (20 minutes)**
**Teacher:**
- **Concept Explanation:**
- Define dissolution of a partnership and differentiate it from the winding up of a partnership firm.
- Discuss the common reasons for dissolution (e.g., mutual agreement, expiration of a partnership term, death or insolvency of a partner, etc.).
- Explain the steps involved in the dissolution process.
**Student Activity:**
- **Note-taking:** Students should take notes and write down any questions they may have.
---
**3. Partner's Capital and Realisation Account (25 minutes)**
**Teacher:**
- **Account Preparation:**
- Show how to prepare the Realisation Account, including the transfer of assets and liabilities.
- Explain the process of closing the books by transferring all assets and liabilities to the Realisation Account.
- Describe the treatment of gains or losses on realization.
- Demonstrate the preparation of Partner's Capital Accounts and Cash/Bank Accounts.
**Student Activity:**
- **Guided Practice:**
- Provide students with a sample problem involving the dissolution of a partnership. Guide them through preparing the Realisation Account, Partner's Capital Account, and Cash/Bank Account.
- Emphasize the importance of accurate calculation and fair distribution among partners.
---
**4. Hands-On Exercise (20 minutes)**
**Teacher:**
- **Independent Practice:** Distribute a worksheet with a different dissolution problem to solve individually or in small groups.
**Student Activity:**
- **Worksheet Completion:** Students solve the problem, preparing necessary accounts as learned.
**Teacher:**
- **Feedback Session:** Review the worksheet answers as a class, addressing any misconceptions or errors.
---
**5. Summary and Q&A (15 minutes)**
**Teacher:**
- **Lesson Recap:** Summarize the key points covered in the lesson.
- **Q&A Session:** Address any remaining questions or concerns from the students.
**Student Activity:**
- **Reflection:** Have students write a brief paragraph on what they learned and any areas they found challenging.
---
**6. Homework (5 minutes)**
**Teacher:**
- **Assignment:** Assign a homework problem that involves dissolving a partnership and preparing the necessary accounts.
**Student Activity:**
- **Homework Preparation:** Ensure students understand the homework assignment and confirm the due date.
---
### Materials Needed
- Whiteboard/Chalkboard and markers/chalk
- Projector for slides (optional)
- Handouts of example problems and worksheets
- Notebooks and pens/pencils for students
### Assessment
- **Formative Assessment:** Through class participation, pair discussions, and the hands-on exercise, assess students' understanding in real-time.
- **Summative Assessment:** Evaluate students’ homework, ensuring they accurately prepare the dissolution accounts and distribute assets and liabilities among partners.
### Differentiation
- For students who need extra help, consider providing simplified examples or additional one-on-one support.
- Advanced students can be challenged with more complex partnership dissolution scenarios.
### Reflection and Improvement
- After the lesson, reflect on its effectiveness, note any areas for improvement, and adjust future lesson plans accordingly.
### Notes for Next Lesson
- The next topic will continue on partnership accounts, focusing on scenarios like the admission and retirement of partners. Make sure to relate the dissolution process to these upcoming topics.