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 ...
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