Guarantee of Profits | Partnership | Fundamentals | Class 12

🔥 CONFUSED ABOUT GUARANTEE OF PROFIT? Let’s make it super easy in just one lecture!

In this video, I’ve explained one of the most important topics of Class 12 Accountancy – Guarantee of Profit in a very simple and student-friendly manner. This lecture is specially designed for Class 12 Commerce students who want complete clarity on partnership topics from TS Grewal Volume 1, particularly Illustration No. 55.

We begin with the meaning and concept of Guarantee of Profit, where one or more partners are assured of a minimum amount of profit by the firm or by another partner. Then, I’ve explained how to calculate and distribute profits in case the firm does not earn enough profit to meet the guaranteed amount. The entire topic is taught step by step with practical illustrations so that every student can understand it easily.

📘 In this lecture, you’ll learn:

What is guarantee of profit class 12 chapter 2 and why it is given.

How to handle guarantee of profit to a partner class 12 chapter 2 when profits are low.

Practical treatment of guarantee of profit to a partner class 12 chapter 1 with simple calculations.

Detailed solution of Illustration No. 55 of TS Grewal Volume 1 explained line by line.

Important adjustments in guarantee of profit class 12 chapter 2 in case of loss and how losses are shared.

Real exam pattern guarantee of profit class 12 chapter 2 questions and important questions for board exams.

Step-by-step approach to guarantee of profit class 12 chapter 2 in english with easy logic.

Complete one-shot explanation of guarantee of profit class 12 chapter 2 one shot.

Discussion on guarantee of profit class 12 chapter 1 question patterns and tricks.

Guidance based on guarantee of profit class 12 chapter 1 rajat arora style simple explanations.

Special discussion on what happens in case of loss under guarantee of profit class 12 chapter 1 in case of loss and guarantee of profit class 12 chapter 2 in case of loss.

By the end of this lecture, you’ll have a crystal-clear understanding of the guarantee of profit concept and will be able to solve all guarantee of profit class 12 chapter 2 important questions confidently.

💡 This video will be extremely helpful for your board exam preparation and for understanding Partnership Accounts in depth.

If you find the explanation helpful, don’t forget to LIKE, COMMENT, and SUBSCRIBE to the channel for more conceptual lectures of Class 12 Accounts in simple English.
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