Mission 90% Chapter 3 | Change in Profit Sharing Ratio One Shot | Class 12 Accounts #12thcommerce

Mission 90% - Chapter 3 | Change in Profit Sharing Ratio One Shot | Class 12 Accounts #changeinprofitsharingratio #chapter3accounts #changeinpsr #goodwilladjustment #class12thboardexam Hey Champs! 💥 In this One Shot session, we’ll master Chapter 3 – Change in Profit Sharing Ratio for Class 12 Accounts. From revaluation of assets to goodwill adjustments, I’ve covered every concept, trick, and shortcut you need to ace this chapter! 🎯 👨‍🏫 What’s inside? ✅ Change in Profit Sharing Ratio explained with simple examples ✅ Goodwill treatment (sacrificing & gaining ratio) 🧮 ✅ Practical questions & exam tips ✍️ ✅ Fun tricks to remember key concepts 🎉 Whether you're preparing for CBSE or state boards, this session will help you score full marks in this topic! 💯 💡 Don’t forget to like 👍, comment 💬, and subscribe 🔔 for more fun & effective commerce lessons! 1: Accounting for Partnership Firms Fundamentals of Partnership Meaning and Features of Partnership Partnership Deed Provisions in absence of Partnership Deed (Indian Partnership Act, 1932) Fixed vs. Fluctuating Capital Accounts Profit and Loss Appropriation Account Interest on Capital, Interest on Drawings, Salary, Commission to Partners Guarantee of Profit to Partners Past Adjustments and Rectification of Errors Goodwill: Nature and Valuation Meaning and Nature of Goodwill Factors Affecting Goodwill Methods of Valuation: Average Profit Method Super Profit Method Capitalization Method Change in Profit-Sharing Ratio Among Partners Gaining and Sacrificing Ratio Accounting Treatment of Goodwill Revaluation of Assets and Liabilities Treatment of Reserves and Accumulated Profits/Losses Admission of a Partner New Profit-Sharing Ratio and Sacrificing Ratio Treatment of Goodwill Revaluation of Assets and Liabilities Adjustment of Capital Accounts Preparation of New Balance Sheet Retirement and Death of a Partner Calculation of Gaining Ratio Treatment of Goodwill Revaluation of Assets and Liabilities Adjustment of Accumulated Profits and Reserves Settlement of Retiring Partner’s Dues Calculation of Deceased Partner’s Share of Profit Dissolution of Partnership Firm Meaning and Modes of Dissolution Preparation of Realization Account Settlement of Accounts (Excluding Insolvency and Piecemeal Distribution) --- Accounting for Companies Accounting for Share Capital Types of Companies Types of Shares (Equity and Preference Shares) Issue of Shares – At Par, Premium, and Discount Over-subscription and Under-subscription of Shares Calls in Arrears and Calls in Advance Issue of Shares for Consideration Other Than Cash Forfeiture and Reissue of Shares Disclosure of Share Capital in Company’s Balance Sheet 2. *Accounting for Debentures* Meaning and Types of Debentures Issue of Debentures – At Par, Premium, and Discount Issue of Debentures as Collateral Security Interest on Debentures (Excluding TDS) Writing Off Discount/Loss on Issue of Debentures Redemption of Debentures – Lump Sum and Installments - 3: Analysis of Financial Statements 1. Financial Statements of a Company Statement of Profit and Loss Balance Sheet (As per Schedule III of Companies Act, 2013) Notes to Accounts 2. Tools for Financial Statement Analysis Comparative Statements Common Size Statements Accounting Ratios 3. Accounting Ratios Liquidity Ratios: Current Ratio, Quick Ratio Solvency Ratios: Debt to Equity, Total Assets to Debt, Interest Coverage *Activity Ratios:* Inventory Turnover, Debtors Turnover, Creditors Turnover Profitability Ratios: Gross Profit Ratio, Net Profit Ratio, Return on Investment --- 4: Cash Flow Statement Meaning and Objectives of Cash Flow Statement Classification of Activities: Operating, Investing, and Financing Preparation of Cash Flow Statement (As per AS 3)