This video covers the Top MCQ Series – Change in Profit Sharing Ratio among the Existing Partner of Class 12 Accounts. Do check it out!

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About Educator: Dr. Rajat Sir has completed his M.com & Ph.d. He is 15+ years of experience in teaching.

Hi Learners,

In this video, Dr. Rajat Khandelwal, your educator for Class 12 will be conducting a session on Top MCQ Series – Change in Profit Sharing Ratio among the Existing Partner, Accounts on the Unacademy CBSE Commerce 11 & 12. Unacademy aims at paving a strong foundation for students. Stay tuned for more!

Students are advised to watch the entire video lecture for better understanding. If there’s any doubt or confusion, please comment below.

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In Accounts Class 12, one of the key topics that students cover is the change in profit sharing ratio among the existing partner. This is an important aspect of partnership accounting as it deals with how the profits of a partnership are divided among its partners.

To help students prepare for this topic, there are a number of top MCQ series available that cover the concept of change in profit sharing ratio among existing partners. These MCQ series not only help students test their knowledge and understanding of the concepts but also aid in building their confidence and mastering the subject.

One of the key benefits of using MCQ series is that they provide students with instant feedback on their performance, enabling them to identify areas where they need improvement. By practicing MCQs regularly, students can also develop analytical skills and improve their ability to solve problems.

The top MCQ series cover a range of topics related to change in profit sharing ratio among existing partners, including the reasons why the ratio may be changed, the various methods of adjusting the ratio, and the effects of the change on the partners’ accounts. There are also MCQs that cover the treatment of goodwill, revaluation of assets and liabilities, and adjustments to capital accounts.

In addition to MCQ series, there are a range of other resources available to help students prepare for this topic. These resources include textbooks, study guides, online tutorials, and practice exams. By using a combination of these resources, students can build a strong foundation of knowledge and understanding that will help them succeed in their exams and beyond.

In conclusion, change in profit sharing ratio among existing partners is a critical concept in partnership accounting, and is an important topic for students in Accounts Class 12. The top MCQ series offer an effective and efficient way to revise and test their knowledge, and when combined with other resources, provide a comprehensive preparation for exams. With consistent practice and dedication, students can master this topic and move on to more advanced topics in partnership accounting.