Accounting treatment of Accumulated profits and Reserves- Change in PSR - class 12- Chapter 4(part2)
Автор: SP Standard Education
Загружено: 2020-07-27
Просмотров: 94
In this video we will able to learn how to make accounting treatment for Accumulated profits and Reserves while changing Profit sharing ratio in existing partnership. What is Reserves? Why we maintain Reserves? What are accumulated profits and Reserves and how we make journal entries for distributing Accumulated profit and reserves while changing PSR in existing partnership. What happened if we do not distributed existing Accumulated profits and Reserves. How to do accounting journal entries for distributing accumulated profits and reserves. What is the Journal entry for Accumulated Profits and Reserves while change in profit sharing ratio in existing Partners.
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