Partnership Accounts Clas s12 Retirement of a Partner – Adjustment of Capitals | Questions | L47 скачать в хорошем качестве

Partnership Accounts Clas s12 Retirement of a Partner – Adjustment of Capitals | Questions | L47

Lecture 47 | Partnership Accounts | Class 12th | Retirement of a Partner – Adjustment of Capitals Welcome to Education Insights by CA Shivam Mittal ✨. This lecture is part of our Partnership Accounting series for Class 12th. In this video, we will cover “Retirement of a Partner – Accounting Treatment of Adjustment of Capitals” in detail, step by step, with examples and exam-oriented explanations. This session is highly useful for RBSE / CBSE / NCERT Class 12 students preparing for Board Exams 2025–26, as well as for CA Foundation aspirants. 📖 What You Will Learn in This Lecture In this lecture, we focus on Adjustment of Capitals at the time of Retirement of a Partner. Students often face confusion in this part, especially when questions involve balancing capitals after retirement. We will solve this problem with a systematic approach. 👉 Key topics covered in this video: Meaning of Retirement of a Partner. Situations when a partner may retire. Calculation of New Profit Sharing Ratio. Gaining Ratio and its application. Revaluation of Assets and Liabilities. Treatment of Reserves and Accumulated Profits. Settlement of Retiring Partner’s Capital. Adjustment of Remaining Partners’ Capitals – Equalizing capitals as per the new ratio. Journal entries related to capital adjustment. Full practical illustrations and solved questions. 📝 Why Adjustment of Capitals is Important? When a partner retires, the continuing partners may decide to adjust their capital accounts to be in proportion to the new profit-sharing ratio. This ensures fairness and avoids future disputes. There are two main cases: Case 1: Excess Capital If a partner’s capital is more than the required capital as per the new ratio, the excess is withdrawn. Case 2: Deficient Capital If a partner’s capital is less than the required capital as per the new ratio, he/she brings in the additional amount. We will learn both cases in detail with journal entries and numerical problems. ✨ Exam-Oriented Approach In CBSE and RBSE exams, Retirement of a Partner usually carries 6–8 marks question, and one of the most frequent adjustments is “Capital Adjustment”. This lecture will prepare you to: ✔ Solve both short questions (1–2 marks) and long questions (6 marks). ✔ Present journal entries in the correct format. ✔ Prepare the balance sheet after capital adjustment. ✔ Score full marks with neat presentation and proper working notes. ✔️Why study from Education insights? Education insights is an online education platform that helps give You NCERT/CBSE curriculum-based free full courses. so that you can perform well in any and all exams you give in your academic career. 👉 Contact us ➡️ Connect with us: ceoeducationinsights@gmail.com ➡️ Instagram:   / educationinsights   ➡️ Facebook:   / educationinsights-457474148332755   You can download our app 'EDUCATION INSIGHTS' from play store. Link for app: https://yeeuy.on-app.in/app/home?orgC... You can buy our book from amazon: Link : https://www.amazon.in/dp/B0CTH87DQY?r... #partnershipaccounting #retirementofapartner #accountsclass12 #adjustmentofpartnerscapital #retirementofapartnerpartnershipaccounts #partnershipaccounts