ADJUSTMENT OF CAPITAL | EXISTING PARTNERS | CH3 | Part 26 | Class12 ACCOUNTANCY

👇 Hit that Subscribe button and turn on Notifications! 🔔    / @simplycommerce05   PLAYLIST LINK:    • CHANGE IN PROFIT SHARING RATIO - EXISTING ...   Drop your questions in the comments section below! 💬 🎓 In this lecture, we dive deep into the final and most crucial topic of partnership accounts: Adjustment of Capital. Whether you are preparing for your board exams or brushing up on your accountancy concepts, this step-by-step tutorial makes capital adjustments super easy to understand! 🚀✨ Make sure to watch till the end to master numerical problem-solving with a live example! 🧠💯 📌 Important Points Covered: What is Adjustment of Capital? The process of rearranging or bringing the balance of existing partners' capital accounts according to the new profit-sharing ratio. Why is it done? To ensure fairness and avoid financial discrepancies among partners after the reconstitution of a firm. Step-by-Step Method: A clear, 5-step framework to calculate adjusted capitals, total new capital, individual shares, and comparison for surplus/deficits. ⏱️ Time Stamps: 00:00 - Introduction to Adjustment of Capital & Why It’s Done 00:07 - Overview of the 5 Steps to Make Capital Adjustments 06:00 - Comprehensive Numerical Example Setup (P, Q, R, S) 07:31 - Detailed Step-by-Step Calculation & Comparison (Surplus vs. Deficit) 11:41 - Passing Journal Entries (Through Cash/Bank vs. Current Accounts) 14:58 - Conclusion & What's Next on Simply Commerce 🎯 Video Outcomes: By the end of this video, you will be able to: Identify when and why capital adjustment is necessary during a change in profit-sharing ratio. Calculate the exact new capital of a reconstituted firm effortlessly. Determine surplus or deficit amounts for each partner accurately. Pass correct journal entries via Cash/Bank or Current accounts with total confidence! 📝✅ 🔔 Don't Forget to Subscribe! If you found this video helpful, hit that Like button 👍, share it with your classmates 👥, and Subscribe to Simply Commerce for more commerce tutorials! Click the Bell Icon 🔔 so you never miss an upcoming class or TS Grewal solution video! 🏷️ Viral Keywords & Tags: #AdjustmentOfCapital #PartnershipAccounts #Class12Accountancy #SimplyCommerce #TSGrewal #AccountancyBoardExam #ReconstitutionOfPartnership #ProfitSharingRatio #CommerceStudents #AccountingTutorial #studywithme #Class12Accounts #RevaluationOfAssets #PartnershipAccounts #SimplyCommerce #CommerceStudents #BoardExams #AccountingTutorial #class11accounts #Accountancy #Class12Accounts #RevaluationAccount #PartnershipAccounts #SimplyCommerce #CommerceStudents #BoardExams #AccountingTutorials #Class11Accountancy #reconstitutionofpartnership #Class12Accountancy #PartnershipAccounts #GeneralReserve #SacrificingRatio #GainingRatio #SimplyCommerce #AccountancyClass12 #CBSEClass12 #CommerceStudents #AccountingMadeEasy #BoardExamPrep #accountancytips #cbse2026 #education #accountancysimplified #accountssolutions #class12accountancy #simplycommerce #sacrificingratio #gainingratio #existingpartners #changeinprofitsharingratio #basisofaccounting #goodwill #class12accounts #commercestudents #commerce12 #sacrificingratio #gainingratio