Class is schedule at 3:30 pm of accountancy class 12 of chapter change in profit sharing ratio on date 22-07-2022 by zoom application with meeting I’d 85872883525 password: 474163.
we will start with the basic concept and solve some practical questions.
changes in profit sharing ratio topics are
1) change in profit sharing( sacrifice of partner , gain of partner, new share)
2) treatment of goodwill
3) treatment of accumulated profit and loss
5) treatment of workmen compensation reserve
6) treatment of investment fluctuations reserve
7) final accounts contained. Revaluation account, partner capital account and balance sheet
full course details:
change in forgot sharing ratio is a topic in which partner is going to change their profit sharing ratio in future. This is done by the existing partner. In case of change in profit sharing ratio one partner get the gain and one partner is going sacrifice. In this case the gaining partner share their part to good will to sacrificing partner.
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