reserve and accumulated profit || class 12 || admission of a partner|| account ||

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✓reserve and accumulated profit
✓ treatment of reserves and accumulated profit
✓ adjustments of workmen compensation reserve
✓ investment fluctuation reserve
✓ treatment of revaluation of assets and reassessment of liability
✓ revaluation account
✓ admission of a partner




✓ Accounting Treatment of Reserves or Accumulated Profits and Losses is required before the reconstitution of the partnership firm
✓ because of these all reserves or accumulated profits or losses earned/generated with the efforts of all partners, old partners(in case of admission)

✓ these are distributed among them in their old profit sharing ratio.










Our YouTube channel links.
YouTube channel link :



YouTube link

https://youtu.be/GjxFvRSY7M4

✓Not for profit organisation link :

https://youtube.com/playlist?list=PLjb9j0a0gLlXeMbT6Ike_gpAm_9I-y5bF


✓CBSE notifications link:
https://youtube.com/playlist?list=PLjb9j0a0gLlWDnDgKjI8SdAOk52GBXW0w

✓ basic concepts of partnership
https://youtube.com/playlist?list=PLjb9j0a0gLlVZHplR175Xf7GaboSC92b5

https://youtu.be/GjxFvRSY7M4

✓Not for profit organisation link :

https://youtube.com/playlist?list=PLjb9j0a0gLlXeMbT6Ike_gpAm_9I-y5bF


✓ CBSE notifications link:
https://youtube.com/playlist?list=PLjb9j0a0gLlWDnDgKjI8SdAOk52GBXW0w



✓ admission of a partner
https://youtube.com/playlist?list=PLjb9j0a0gLlXbSiT5yJ4iLNlPEDlk-X-S

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#admissionofapartner
#revaluationaccount
#class12
#account
#workmencompensationreserve









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