Balancing the Books: Adjusting Capital in Partnerships (Class 12 Accounts) [The Vidyarthee Academy] (2024-25)
ADJUSTMENT OF CAPITAL | Chapter 3 | Admission of Partnership |Accounts Class 12th | 2024 -25 part 2
👨🏫Description:
When a new partner joins an existing firm, it's essential to adjust the capital accounts of all partners. This video dives into the intricacies of capital adjustments, ensuring a fair distribution of profits and losses among partners.
👨🎓What you'll learn:
👉Capital Adjustment Methods: Discover different methods to adjust capital, including equal sacrifice, sacrificing in the old ratio, and sacrificing in a specific ratio.
👉Gaining Ratio: Understand the concept of gaining ratio and how it's calculated when a new partner joins.
👉Accounting Entries: Learn the necessary journal entries to record capital adjustments and the impact on the partners' capital accounts.
👉Practical Examples: Explore real-world scenarios and practice calculations to master the concept of capital adjustments.
Who should watch:
👉Class 12 Commerce students preparing for exams
👉Anyone interested in partnership accounting and business structures
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#class12accounts #partnershipaccountsclass12 #capitaladjustment #newpartner #accounting #businessstructure #thevidyartheeacademy #commerce #education #accountingforpartnershipfirmsclass12accountancy #exam
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