Day - 72 | Memorandom of Revaluation Account Admission of a partner | Accounts class 12 | PSEB |
Teacher:- Mr. Sarbjit Singh Video Editor:- Mr. Kuljeet Singh & Ms. Alisha The revaluation of assets means when we have compared the book value of assets with the current Market value of the assets. We have to revaluate the assets when there is a reconstruction of the firm like a change in the profit-sharing. The difference amount if increased then it will be credited to the Partners’ Capital/Current account and if Decreased then it will be Debited to the Partners’ Capital/Current account in the old profit sharing ratio. In this video topics covered:- Meaning of Revaluation Meaning of Revaluation of Assets and Liabilities Accounting treatment of Revaluation Account 2. When values of assets and Liabilities are not to be altered in the books. Revaluation Account is prepared Illustrations 43 and 44 43. Please check out our full article: - https://tutorstips.com/revaluation-of... Google Play Store App Link: https://clppaige.page.link/EhJq App Store App link:- https://apps.apple.com/us/app/classpl... Download Classplus App and use our ORG Code:- vagce !--------Book Solution D K Goel---------! https://tutorstips.com/d-k-goel-new-i... !--------Book Solution TS Grewal---------! T S Grewal Part - l (a) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - l (b) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - ll https://tutorstips.com/t-s-grewals-bo... !--------Book Solution PSEB---------! Usha Publication Part- l:- https://tutorstips.com/usha-publicati... Usha Publication Part- ll:- https://tutorstips.com/usha-publicati... Unimax Publication https://tutorstips.com/accountancy-un... !--------Our Website link---------! https://tutorstips.com/ https://tutorstips.in/ !--------Check Business Studies Playlist--------! • Business Studies Class 12 CBSE PSEB ISC !--------Check Financial Accounting Playlist--------! • Financial Accounting Class 12 CBSE PSEB ICS !--------Like our Fb page---------! / tutorstips !--------Follow us on Instagram-------! / tutorstips !--------Follow us on Twitter--------! / tutors_tips !--------Follow us on LinkedIn--------! / tutorstips !--------Follow us on WhatsApp--------! +91 1882 359 783 Thanks for all your love n support. For any other details email - [email protected] Our partner https://www.freepik.com/ https://www.flaticon.com/ change in profit sharing ratio,class 12 accounts chapter 4,Revaluation Account,tutorstips,accounts class 12 partnership chapter 5,Revaluation Account Admission of a partner,Day - 71 | Revaluation Account Admission of a partner with Example | Accounts class 12 | PSEB |,admission of partner class 12,admission of partner important questions,revaluation account withexample,admission of partner chapter 5,admission of partner partnership
