TS GREWAL | Q 66 - 67 | ADMISSION OF NEW PARTNER | CHAPTER 4 | Part 31 | CLASS12 | Accountancy

👇 Hit that Subscribe button and turn on Notifications! 🔔 / @simplycommerce05 PLAYLIST LINK / playlistlist=plwgpcgzwxmqg&si=jmxxhhcuv5qw... Welcome back to Simply Commerce 05! 🚀 In this video, we solve Question 67 (TS Grewal Class 12 Accountancy) step-by-step, focusing on the Admission of a Partner with a comprehensive journal entry breakdown. Whether you're struggling with revaluation accounts, handling workman's compensation reserves, bills of exchange, or treating existing goodwill and reserves under the fixed capital method, this tutorial makes it super easy to understand! 💡💯 📌 Learning Outcomes Mastering journal entries for the Admission of a New Partner. Correct treatment of General Reserves and Workmen Compensation Reserve. Accounting treatment for Revaluation of Assets and Liabilities. Handling Bills of Exchange (Bills Payable) when converting creditors. Capital contributions and Premium for Goodwill brought in cash. Working with Fixed Capital Accounts (using Partner Current Accounts). ⏱️ Timestamps for Each Question / Concept 00:00 - Introduction & Overview of Question 67 14:18 - Reading the Balance Sheet (Sunaina & Tamanna in 3 : 2) 15:30 - Determining the Sacrificing Ratio 16:02 - Adjustment (a): All Debtors are Good 16:37 - Adjustment (b): Increase in Land and Building 17:08 - Adjustment (c): Decrease in Plant & Machinery 17:29 - Adjustment (d): Workmen’s Compensation Reserve Claim 19:40 - Adjustment (e): Creditor drawing a Bill of Exchange (Detailed Explanation) 22:04 - Adjustment (f): Pranav's Capital & Premium for Goodwill 23:18 - Treatment of General Reserve & Existing Goodwill from Balance Sheet 🔔 Don't Forget to Subscribe! If you found this video helpful and want to ace your Class 12 Accountancy exams, make sure to LIKE 👍, SHARE 📲, and SUBSCRIBE 🔔 to Simply Commerce 05 for more exam-focused tutorials, tips, and tricks! Let’s grow and learn together! 🌱📈 🔥 Popular & Viral Hashtags #Class12Accountancy #TSGrewalSolutions #AdmissionOfAPartner #CommerceStudents #BoardExams2026 #AccountingTutorial #SimplyCommerce05 #Class12Accounts #StudyGram #accountsmadeeasy #Class12Accountancy #TSGrewalSolutions #AdmissionOfAPartner #PartnershipAccounts #CommerceEducation #SimplyCommerce05 #BoardExam2026 #AccountingMasterclass #class12commerce #Accountancy #Class12Accounts #AdmissionOfAPartner #TSGrewal #Commerce #BoardExams2026 #AccountingClass #SimplyCommerce05 #studygram #SimplyCommerce #Class12Accountancy #AdmissionOfAPartner #TSGrewalSolutions #TSGrewalClass12 #CBSECommerce #NCERTAccountancy #AccountancyClass12 #BoardExams2026 #CommerceStudents #AccountingMadeEasy #GeneralReserve #InvestmentFluctuationReserve #workmencompensationreserve #AccountingEducation #Class12Commerce #studentsuccess #AdmissionOfAPartner #Class12Accountancy #SimplyCommerce #PartnershipAccounts #TSGrewalSolutions #AccountancyClass12 #BoardExams2026 #CommerceStudents #Goodwill #AccountingEducation #StudyGram #CommerceCommunity #Class12Accountancy #PartnershipAccounts #AccountancyBoardExams #CommerceStudents #SimplyCommerce #AccountingTricks #StudyHacks #ViralTricks #AccountsRevision #boardexam2026 #PartnershipAccounts #Class12Accountancy #ReconstitutionOfPartnership #AccountingTutorials #GoodwillTreatment #RevaluationAccount #CommerceStudents #BoardExamPreparation #AccountancyMasterclass #StudyGram #Education #learnaccountingfast #Class12Accountancy #TSGrewalSolutions #CommerceStudents #Simply Commerce #BoardExam2019 #AccountancyTutorial #ReconstitutionOfPartnership #CbseBoard #Class12Accounts #Class12Accountancy #TSGrewalSolutions #SimplyCommerce #AccountingEducation #BoardExams #CommerceStudents #ProfitSharingRatio #StudyGram #onlineclasses #cbse2026 #education #accountancysimplified #accountssolutions #class12accountancy #simplycommerce #sacrificingratio #gainingratio #existingpartners #changeinprofitsharingratio #basisofaccounting #goodwill #class12accounts #commercestudents #commerce12 #sacrificingratio #gainingratio