#6 Change in Profit Sharing Ratio Of Existing Partners in Hindi by JOLLY Coaching

Описание: Change in profit sharing ration is a mutual agreement between the partners in which all partners are agreed to change there profit share
Due to change in profit sharing ration there is a partner who gains and also a partner who losses so for that reason we need to calculate
1. Gaining ratio.
2. Sacrificing ratio.
3. New profit sharing ratio.

Other than this we also need to adjust some things and also needs to pass the adjusting entry.
1. Adjustment of goodwill.
2. Adjustment of accumulated profit and reserve
3. Revaluation of assets and liabilities.

Link for goodwill calculation.
1. Basis of goodwill ; https://www.youtube.com/edit?o=U&vide...

2. Average profit method; https://www.youtube.com/edit?o=U&vide...

3. Super profit ; https://www.youtube.com/edit?o=U&vide...

4. Capitalisation method ;
https://www.youtube.com/edit?o=U&vide...

I hope after watching this video you are able to solve the different problems related to change in profit sharing ratio of partners.
Thanks
JOLLY Coaching.


















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Class 12
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Accounting for 12 the class