Partnership Accounts 🧾 | Admission of a Partner – Practical Q2 | CA Foundation | By Gaurav Chauhan
Автор: Simplified Accounts With Gaurav
Загружено: 2025-12-24
Просмотров: 6
Welcome to this detailed lecture on Admission of a Partner – Practical Question 2 for CA Foundation Accounts, taught by Gaurav Chauhan.
This video covers every adjustment step-by-step with full clarity, making it perfect for exam preparation.
In this session, you will learn how to handle all important adjustments related to the admission of a new partner—including Goodwill, Revaluation, Capital Accounts, and Balance Sheet preparation.
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⭐ What’s Explained in This Video?
🎯 1. Calculation of Goodwill
Meaning & need of goodwill
📌 Goodwill distribution among old partners
📌 Adjustments through partners' capital accounts
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🎯 2. Treatment of Abnormal Loss & Abnormal Gain
Important concept for exams:
🔹 How to adjust abnormal loss while calculating goodwill
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🎯 3. Revaluation Account (Profit or Loss on Revaluation)
📊 Increase/decrease in assets
📉 Increase/decrease in liabilities
✔️ Distribution of revaluation profit/loss among old partners
✍️ Step-by-step posting for perfect presentation
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🎯 4. Partners’ Capital Accounts
🧾 Adjustment for goodwill
🧾 Revaluation profit/loss
🧾 New partner’s capital brought in
🧾 Old partners’ adjustments
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🎯 5. Balance Sheet Preparation
🧮 Adjusted asset and liability values
🏦 New capital balances
📑 Perfect format as per exam requirements
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🎯 6. Journal Entries
✔️ Admission entries
✔️ Goodwill adjustment entries
✔️ Capital brought in
✔️ Revaluation adjustments
Everything is taught in a clear, exam-oriented and simplified manner.
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#AdmissionOfPartner #CAFoundation #PartnershipAccounts #GoodwillCalculation #RevaluationAccount #PartnersCapitalAccount #BalanceSheet #JournalEntries #CAFoundationAccounts #CommerceStudents #Accountancy #SimplifiedAccounts #GauravChauhan #PracticalQuestion2 #CAExamPrep
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