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Admission of partner, admission of partner class 12, full sum solving, full sum solving with basic adjustments, introduction, basic concepts, sacrifice ratio, what is sacrifice ratio, sacrifice ratio concept, treatment of goodwill in admission of partner, class 12 admission of partner, accounts class 12 admission of partner, reconstitution of partnership admission of partner, partnership admission of partner, class 12 accountancy admission of partner Do join our telegram channel, by clicking on the following link: https://t.me/capiyushagrawalsaccounts... You can refer the below mentioned timestamps: 0:00– Sneak Peek 1:36 – Question Display 1:52 – Skip Intro | Discussing the Question 3:57 – Admission of New Partner & his Profit Share 6:49 – Amount Sacrificed by Old Partners 10:13 – Discussing the Sacrifice ratio 11:19 – Terms for Admitting the New Partner 12:42 – Discussing the concept of Revaluation 13:40 – Accounts to be prepared 15:00 – Drawing the Columns 15:29 – Discussing the Question 18:07 – Discussing the posting of Assets Side 18:52 – Discussing the posting of Liabilities Side 19:29 – Distribution of General Reserve 20:49 – Discussing the Adjustments 21:34 – Table Postings 24:08 – Calculation of General Reserve 25:11 – Adjustment 1: Payment of Capital and Goodwill 28:10 – Adjustment 2: Stock & Furniture to be reduced by 10% & 20% 30:06 – Adjustment 3: R.D.D is provided 5% on Debtors 31:03 – Adjustment 4: Land & Building appreciated @20% 32:18 – Closing of Profit & Loss Adjustment A/c 32:36 – Transfer of Profit on Revaluation 35:31 – Closing of Partner’s Capital A/c 36:14 – Transfer of balance of Partner’s Capital A/c 38:04 – Closing of Cash A/c 38:20 – Transfer of Balance of Cash A/c 38:47 – Tallying the Balance Sheet