Change in Profit Sharing Ratio Class 12 One Shot🔥| Complete Chapter in One Class | Shivam Lotwani

Change in Profit Sharing Ratio Class 12 One Shot 🔥 | Complete Chapter in One Class | Shivam Lotwani Master Change in Profit Sharing Ratio from Class 12 Accountancy in this complete One Shot session by Shivam Lotwani Sir. Learn the complete chapter with easy explanations, practical examples, important accounting adjustments, and exam-oriented numerical questions. Perfect for concept clarity, quick revision, school exams, and complete Class 12 Accountancy preparation. 📚🔥 ✅ Get Free Notes in Shivam Lotwani – Accountancy https://physicswallah.onelink.me/ZAZB... 📚 Topics Covered: 00:00 – Introduction & Chapter Overview 02:08 – Meaning of Reconstitution of Partnership & Key Circumstances 04:42 – 3 Core Steps in Reconstitution (Compensation, Old Items & Revaluation) 07:04 – Step 1: Compensation (Sacrificing Ratio & Gaining Ratio Calculation) 09:00 – Practical Problem 1: Sonu, Titu & Sweety (Sacrificing vs Gaining Share) 12:00 – Journal Entry & Valuation of Compensation for Goodwill (Gainer to Sacrificer) 14:20 – Practical Problem 2: Goodwill Adjustment Entry 21:30 – Practice MCQ (CBSE Board Exam PYQ): Compensation Calculation 24:10 – Step 2: Treatment of Old Items (Reserves, P\&L & Old Goodwill) 25:58 – Rules for Credit Balances (Distribute) vs Debit Balances (Write Off) 28:11 – Practical Problem 3: Comprehensive Old Items Distribution & Write Off 34:38 – Workmen Compensation Reserve (WCR) Deep Dive: 35:45 – Case 1: No Claim against WCR 37:05 – Case 2: Claim Less than WCR 39:45 – Case 3: Claim Equal to WCR 40:53 – Case 4: Claim Greater than WCR (Revaluation A/c Role) 43:56 – Case 5: Claim Arises with Zero Reserve 45:39 – Investment Fluctuation Reserve (IFR) Deep Dive: 48:07 – Case 1: No Change in Market Value 50:40 – Case 2: Fall in Market Value Less than IFR 53:26 – Case 3: Fall in Market Value Equal to IFR 54:16 – Case 4: Fall in Market Value Greater than IFR 56:28 – Case 5: Increase in Market Value of Investments 58:45 – Step 3: Revaluation of Assets & Reassessment of Liabilities (Rules & Journal Entries) 1:01:24 – Comprehensive Master Problem (Samosa & Kachori): 1:04:40 – Journal Entries for Goodwill, Old Items & Revaluation 1:11:00 – Revaluation Account Preparation 1:11:30 – Partners' Capital Accounts Preparation 1:12:12 – Revised Balance Sheet Preparation & Tallying 1:24:32 – Special Case 1: Old Items when Partners Do NOT Want to Alter Book Values (Single Adjustment Entry) 1:27:38 – Practical Problem: Net Effect Method for Old Items 1:32:40 – Special Case 2: Revaluation when Assets/Liabilities to be Kept at Existing Values (Single Adjustment Entry) 1:34:15 – Practical Problem: Net Gain/Loss on Revaluation Adjustment Entry 1:38:08 – Summary, Free PDF Notes & Conclusion #changeinprofitsharingratio #class12accounts #class12accountancy #accountancy #class12commerce #shivamlotwani #oneshot #accountsrevision #partnershipaccounts #goodwill #revaluation #class12 #ncert #cbse #commerce #pwcommerce #accountancyrevision 684bd51d9527c710fe4782cc