Day 6 - GnG | Accounts | CH 2 | Partnership - Goodwill and Change in PSR | Class 12

Day 6 - GnG | Accounts | CH 2 | Partnership - Goodwill and Change in PSR | Class 12

Subscribe Our Channels –

Rajat Arora :

/ @rajataroraofficial

Rajat Arora Talks :

/ @rajataroratalks

Rajat Arora Shorts :

/ @rajatarorashorts

Links of Social Media Handles :

Download DeeCee Application :

For Admission Related Queries Call : 011 4084 8482
For Business Related Queries Call : [phone]
Official Address : 8/1087, divine classes , Jain Bagh.
Saharanpur- 247001 ( Uttar Pradesh )

We will make sure to let you learn everything and help you rock your subjects...!
Following the passion of teaching from last many years
and with the aim of promoting education and providing good quality lectures we are here to help you in every possible way.

Much love :)
Rajat arora :)

#rajatarora #commerce #class12

[akashmukherjee]

Calculation of their sacrifising/gaining ratio-
3/4-5/8= 1/8(sacrifice)
1/4-3/8= -1/8(gain)
Total profit of two years = 90k+70k = 160000
Therefore valuation of goodwill= 160000.
Now for x = 1/8×160000=20000
For y also= 1/8×160000= 20k
So Y's capital A/C Dr 20000
To X's Capital a/c 20000
Ty so much sir for this series❤
37:33

[sushilsharma]

Y's capital a/c dr. 20, 000
To X's capital a/c 20, 000
( Adjustment for goodwill due to change in profit sharing ratio)

[kanishkasingh]

Total profit of two years = 90000+70000 = 160000
Therefore valuation of goodwill= 160000.
Now for x = 1/8×160000=20000
For y also= 1/8×160000= 20000
So Y's capital A/C Dr 20000
To X's Capital a/c 20000

[KWD-GAMING]

G/W = A.P X 2
A.P IS 73, 333.33 x 2 = 146, 666.6

Entry- Y' Capital A/c. Dr 18333.3
To X'Capital 18333.3

[NishantKumar-kxpk]

Present sir day 6 done ✅
And 15 more days to go....
Thank u so much sir for providing this series ❤❤

[bhawnarojha]

Y’s Capital A/C…. Dr. 18, 333
To X’s Capital A/C. 18, 333

[JigyasaS]

37:27
Average profit=sum of profit/total no.of year
1, 60, 000/2=80, 000
Goodwill=80, 000x2=1, 60, 000

Sacrifice ratio=old ratio - new ratio
X= 3/4 - 5/8 = 1/8[S]
Y=1/4 - 3/8 = -1/8[G]

Y's capital A/c dr. 20, 000
To X's capital A/c 20, 000


Thank you sir ❤😊

[awakening]

Calculation of their sacrifising/gaining ratio-
3/4-5/8= 1/8(sacrifice)
1/4-3/8= -1/8(gain)
Total profit of two years = 90k+70k = 160000
Therefore valuation of goodwill= 160000.
Now for x = 1/8×160000=20000
For y also= 1/8×160000= 20000
So Y's capital A/C Dr 20000
To X's Capital a/c 20000

[harkirat-nsgb]

Day 6 just 15 days more to go...🎉🎉 thank you so much rajat sir for motivating us🙏🙏 and we are very very excited as well as we are ready to rock 🎉🎉🎉

[Divynsh]

Rather than commenting "jaldi comment kr deta hu like milega" kabhi Ans bhi comment dia kro

[Anshu.]

37:16
Q9.

Y's capital A/c dr. 20, 000
To X's capital A/c. 20, 000


Thnku Sir❤

[samanvaysagar]

37:29, hw answer:- total profits of the year 2019-20 and 2020-21 = 70, 000+90, 000 = 1, 60, 000.Y is the gaining partner and Y is the sacrificing partner which is 1/8 so the journal entry will be
y's capital account dr. 20, 000
to x's capital account 20, 000.
Sorry sir im late because i had practicals going on due to which i wasn't regular but ill make sure to finish all your videos by tomorrow and come back on track. Thank you so much for putting in your efforts and i'll definitely work hard to score good😀😀

[ektagosain]

sir you're just prfct i mean bht prfct m 11th m bht bimar thi pure saal ni pdh payi account v or apka channel khola ek rtt pehle mko mere ek senior ne demotivate krra ki soja ek rtt ka khel ni hai account but mne dedication dikhayi or account m 60% banayi 11th m jo ki i hope ek ttt k hisab se enough h now m aagyi 12th m 80+ laane sir aj k dim mne 3 chp apse pdhe fundamentals goodwill chng in psr sir trust me y 3 chp ek din m krne m mko 1% prblm ni hui apke smjhane ka way is prfct sir apme life bna di meri ap ni hote to m kbhi pss hi ni ho pati mko apne ttn teacher ya scl teacher ka schme kuch smjh ni aata mko bs ek hi btt bolni hai sir thankyou just thank-you you are god for me you are my guruji😭❤️ you're best

[lakshyakedia]

37:25 entry: -

y's capital A/c dr. 20000
to x's capital A/c 20000

[khushisingal]

Homework question answer :-
Y capital a/c dr. 20000
To X capital a/c 20000

[Rajnirani-ei]

Sir y are god for me thankyou sir for your hardwork lots of love from haryana ❤❤❤❤

[kripaagarwala]

Detailed answer for last question:
Goodwill= 70, 000+90, 000
=1, 60, 000
SR of X = 1/8 and Y = -1/8
Therefore, the entry will be
Y's Capital A/c Dr. 20, 000
To X's Capital A/c 20, 000

[simrananeja]

Present Sir..✅
15 dayssss more to goo..❤️
Sir Aapko jitna thnkuuu bole woh bhi km h sir..🥺❤️aap bhut hardworking & kind ho..may Waheguru ji bless uhhh with all the happiness..❤️
King of Commerce..👑💯

[muskan..]

37:24 Y Capital A/C Dr 20, 000
To X Capital A/C 20, 000

[jigyasasingh]

Q9
Average profit = sum of profit /no.of year

=70000+90000/2
=80000 Ans.
Goodwill= average profit × no.year purchase
=80000×2 = 160000

sacrificing ratio
X=3/4 - 5/8 = 1/8 (s)
Y= 1/4-3/8 = 1/8 (g)

Y's capital A/c dr. 20000
To z's capital a/c 20000