Pre-Board Revision Series || Partnership Accounts Revision || 12th Accountancy Quick Revision || Pre-Board Revision Series for accounts by JOLLY Coaching

Hi friends,
I am Rishab Jolly welcomes you to my channel JOLLY Coaching

About Video:-
Hello Friends, In today’s video I am going to explain some important points of Chapter – Change in profit sharing ratio . Basically in this chapter the examiner will ask about gaining ratio , Sacrificing ratio , Treatment of old & new Goodwill and Revaluation of assets and liabilities.
So this video contains how to Calculate new ratio, gaining ratio and Sacrificing ratio. Along with these ratios the next concept which is covered is Treatment of goodwill that is Journal entry for Old and new goodwill. Last but not least very important concept is Treatment of Accumulated Profits and Reserves. So this video will also provide you the detailed information about how to distribute Accumulated profits and Reserves in case of change in profit sharing ratio.

Hello friends aaj ki is video me hum baat karege apne 6th Revision part ke bare me. Is Pre board Revision Series me hum change in profit sharing Ratio ke Chapter ke sabhi concept ko cover kare ge. So first Point ha how to Calculate gaining ratio or how to Calculate Sacrificing Ratio then Treatment of goodwill it means how to pass ADJUSTMENT entry for GOODWILL or last me Treatment of Accumulated profits and Reserves that means how to pass ADJUSTMENT entry for Accumulated Profits and Reserves.

About Topics :-
1. What is Reconstitution of Partnership
2. What is Change in Profit sharing Ratio
3. How to Calculate Sacrificing Ratio
4. How to Calculate Gaining Ratio
5. How to Calculate Goodwill.
6. What is the treatment of Goodwill.
7. Treatment of Accumulated profits and Reserves.
8. Revision Points For Accounts
9. 12th Class Accountancy Revision Series

I hope this video will help you to understand all those points which are important, Difficult and confusing.
Thanks
JOLLY Coaching.
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Accountancy
Pre-Board Revision Series…(read more)

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Partnership Accounts can be a tricky topic to understand and revise for any Accounting student. The Pre-Board Revision Series is designed to help students prepare for their upcoming exams by providing revision resources and guidance. In this article, we will discuss the importance of revising Partnership Accounts and how to revise for a change in the Profit Sharing Ratio.

Partnership Accounts are a complex area of Accounting, as they involve the understanding of several principles and concepts. It is essential for students to be well-versed in these principles and concepts in order to be able to complete their exams successfully. The Pre-Board Revision Series provides students with the resources and guidance needed to ensure that they are well-prepared for their upcoming exams.

When revising for a change in the Profit Sharing Ratio, it is important to understand the various types of Profit Sharing Ratios and how they can affect the financial statements of the partnership. The different types of Profit Sharing Ratios include fixed, variable, and proportional. It is important to understand the implications of each type of Profit Sharing Ratio and how it can affect the financial statements of the partnership.

In addition to understanding the different types of Profit Sharing Ratios, it is also important to understand the implications of a change in the Profit Sharing Ratio. A change in the Profit Sharing Ratio can affect the financial statements of the partnership in several ways. For example, it can affect the amount of profit or loss that is shared among the partners, the amount of capital that is available to the partnership, and the amount of debt that the partnership has. It is important to understand the implications of a change in the Profit Sharing Ratio in order to be able to answer questions related to this topic in exams.

The Pre-Board Revision Series provides students with the resources and guidance needed to ensure that they are well-prepared for their upcoming exams. The series provides students with practice questions and solutions to help them understand the implications of a change in the Profit Sharing Ratio. It also provides students with tips and strategies to help them revise effectively and efficiently.

By revising Partnership Accounts, students can ensure that they are well-prepared for their upcoming exams. The Pre-Board Revision Series provides students with the resources and guidance needed to ensure that they are well-prepared for their upcoming exams. By understanding the implications of a change in the Profit Sharing Ratio, students can ensure that they are able to answer questions related to this topic in their exams.