Change in Profit-Sharing Ratio Among the Existing Partners | Class 12 Accounts | Part 1 | 2025-26

Welcome to our Class 12 Accounts lecture on Change in Profit-Sharing Ratio Among the Existing Partners. In this video (Part 1), we will cover the concept, meaning, causes, accounting treatment, and journal entries related to the change in profit-sharing ratio. ✨ What you’ll learn in this video: • Meaning of Change in Profit-Sharing Ratio • Reasons for change (admission, retirement, death, mutual consent, etc.) • Sacrificing Ratio and Gaining Ratio • Goodwill adjustment • Distribution of Reserves & Accumulated Profits/Losses • Revaluation of Assets and Liabilities • Step-by-step Journal Entries 📘 Subject: Accounts 🎓 Class: 12th 📅 Session: 2025-26 📖 Chapter: Change in Profit-Sharing Ratio Among th