Change in Profit Sharing Ratio & Admission of a Partner | Day 02 | CBSE Boards 2026 Revision

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Change in Profit Sharing Ratio among existing partners & Admission of a Partner | Class 12 Accountancy | Day 02 | CBSE Boards 2026 Exams Revision
Lock your 12 Marks in Class 12 Accounts with CA Manish Mahajan Sir’s Revision: Endgame (Day 2)! 🛡️ In this power-packed live session, we are covering the most scoring concepts of Partnership, including Change in Profit Sharing Ratio (PSR) among existing partners, the complete process of Admission of a Partner, and the crucial Valuation & Treatment of Goodwill. Master Revaluation Accounts, Capital Adjustments, and the distribution of Accumulated Profits/Reserves in one go🔥.

Teacher's Name : CA Manish Mahajan Sir

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00:00 - Introduction (Change in PSR & Admission)
02:28 - Common Concepts Overview
05:22 - P&L Loss Adjustment
09:41 - Investment Fund & P&L Loss
14:44 - Deferred Revenue Expenditure
16:57 - New PSR (Goodwill Entry)
23:34 - Sacrifice/Gain Calculation
25:56 - WCR Claim Adjustment
27:14 - Proportionate Capital
29:33 - Sacrificing Ratio
30:44 - Goodwill & Revaluation Entries
41:48 - Reserve Adjustment (Net Effect)
55:37 - Hidden Goodwill
58:04 - Admission Journal Entries
01:06:47 - Full Practice Question
01:53:40 - Summary & Conclusion


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