🔥 One Shot Admission of a Partner Class 12 Accounts Term 1 Revision Episode 5

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Admission of a partner
Class 12 accounts
Change in profit sharing ratio
Accountancy class 12
Chapter 5 – Accounts – Accountancy – Class 12
Admission of a partner - effect of admission of a partner on change in the profit sharing ratio
treatment of goodwill (as per AS 26)
treatment for revaluation of assets and reassessment of liabilities
treatment of reserves and accumulated profits
adjustment of capital accounts and preparation of balance sheet

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