accounting of reserves accumulated profits and losses class 12 | Admission of a partner | Concept скачать в хорошем качестве

accounting of reserves accumulated profits and losses class 12 | Admission of a partner | Concept

In this video, I discussed about the treatment of reserves and accumulated profits and losses in very easy language. I covered about the Workmen compensation reserve and investment fluctuation reserve all cases. First, I covered about the meaning of This topic then Treatment of workmen compensation reserve ( ALL CASES ) and then Treatment of Investment Fluctuation reserve ( ALL CASES ) and then treatment of Accumulated profits and losses in very easy language This topic is very helpful for the reconstitution of partnership firms like change in profit sharing ratio, admission of a partner, retirement of partner and death of partner not dissolution of partnership firm As you know First All reserves and accumulated profits are distributed among old partners in old ratio however If Question mentioned that it has to be appear in balance sheet then adjustment entry is passed. Same is with the accumulated losses and deferred revenue expenditure, it is transferred to old partners in old ratio and If Question mentioned that it has to be appear in balance sheet then adjustment is passed. Journal entry: All Reserves and accumulated profits A/c Dr. To Old partner's Capital A/c Old Partner's Capital A/c Dr. To Accumulated losses and deferred revenue expenditure A/c Adjustment Entry : Gaining partner's Capital A/c Dr. To Sacrificing Partner's Capital A/c accounting treatment of workmen compensation reserve treatment of Investment fluctuation reserve treatment of accumulated profits and losses treatment of workmen compensation fund ifr wcr class 12 workmen compensation reserve admission investment fluctuation reserve psr admission of a partner workmen compensation reserve admission of a partner investment fluctuation reserve treatment of reserves in admission