Admission of Partner | Revision | One Shot Video | Important Questions | Class 12

Timestamps: 00:00 – Sneak Peek 01:33 – Index Displayed 01:38 – Intro 01:48 – Introduction to Admission of Partner 06:42 – Q.1 (Full Question Explained ) 49:10 – Q.2 (50% amount of goodwill withdrawn, An amount of ₹1200 included in creditors is no longer a liability) 55:30 – Q.3 ( Journal Entries ) 1:11:37 – Q.4 (Adj = Goodwill A/c be opened in the books, A provision for outstanding legal expenses to be made) 1:21:22 – Q.5 (Balance Sheet – Assets – R.D.D , Adj – R.D.D 5% ) 1:24:42 – Q.6 ( Adj = likely Bad Debts – R.D.D , Liability for goods – unrecorded creditors ) 1:29:57 – Q.10 (Adj - 50% of General Reserve is to retained as R.D.D) 1:35:59 – Q.9 (Balance Sheet – Liabilities – Partners Loan) 1:36:57 – Q.15 (Adj = R.D.D , Partners Loan is to be Repaid) 1:40:39 – Q.17 (Adj = Rent Due but not received ) 1:41:26 – Q.18 (Balance Sheet – Liabilities – Bank Loan , Adj – Furniture Should be appreciated upto 10,700 ) 1:42:45 – Q.16 (Adj = Valuation of Goodwill Average Profit method) 1:53:01 – Q.22 (Adj = Goodwill Written off , Calculation of New PSR) 2:00:00 – Q.19 (Creditors allowed discount & Paid off) 2:01:43 – Q.20 (Full Goodwill Withdrawn) 2:03:04 – Q.24 (Adj = Capital A/c of all partners to be adjust in New PSR & Excess amount to be transferred to their loan accounts , Calculation of New Profit Sharing Ratio) 2:18:11 – Q.23 (Adj = Capital Bal Adj & Diff to be settled in Cash /Bank , Calculation of Profit Sharing Ratio – Shortcut trick) 2:24:27 – Q.23 (Adj = R.D.D to be maintained as it is , Cap bal adj – Part of the main solution) 2:29:07 – Q.27 (Adj = Capital bal Adj & Diff to be transferred to Current A/c) 2:31:18 – Q.29 (Adj = Plant Taken over by partner at discount) 2:33:41 – Q.30 (Balance Sheet – Liabilities – Bank Loan Taken on 1.1.2020 V/S Adj = Interest @15% is done on Bank Loan) 2:35:42 - Q.31 (Adj = Bill Payable were Retired , Part of Furniture were Taken over by Partner at Discount , All Debtors Considred good 2:40:18 – Q.38 (PSR = Capital Ratio) 2:41:08 – Q.32 (Calculation of Sacrifice Ratio for Goodwill) 2:55:03 – Q.34 (Calculation of Sacrifice Ratio for Goodwill) 3:00:30 – Q.36 (Balance Sheet Liability – Bank Overdraft , New Profit Sharing Ratio is given) 3:02:31 – Q.41 (Adj = Plant & Machinery was undervalued by 10% and Land & Building was overvalued by 20%) 3:08:15 – Q.47 (Adj = Claim for Damages Against the firm , 4 Partners ) 3:10:51 – Q.45 (Adj = Old Partners Decided to retain the half the amount of goodwill) 3:11:45 – Q.40 (Adj = R.D.D to be increased by ₹1500) 3:14:53 – Q.48 (Partner’s Current A/c) 3:23:50 – Discussed the TO DO List for this topic (Objective , Past year Paper Solving , Key Notes) Admission of Partner |Quick Explanation |Maharashtra State Board |Class 12 |New Syllabus | One shot For 12th BK Admission of Partner Index:- Click here 👉 = https://drive.google.com/file/d/17pAo... For 12th BK One Shot Series Video Link:- click here👉=    • 12th BK One Shot Series   For 12th BK Paper Solving Video Link:- click here👉 =    • 12th BK Paper Solving   For 12th BK Objectives Video Link:- click here👉=    • 12th BK Objectives   For 12th BK Important Objectives Video Link:- click here👉=   / @capiyushagrawal   For 12th BK Admission of Partner Question & Solution Bank:- Click here 👉= https://drive.google.com/file/d/1NPrc... For 12th BK Objectives Bank Link:- click here👉= https://drive.google.com/file/d/1-Ujy...