Q.No 78, 79, 80 & 81 | Guarantee of Profit | Partnership |  Class 12th TS Grewal Solutions  2020-21
Channel: Jitendra Singh Jat
Date: 03/01/2021

TS Grewal Solutions, Guarantee of Profit.
Q.No 78, 79, 80 & 81 | Guarantee of Profit | Class 12th | TS Grewal Solutions | 2020-21 
A and B are partners sharing profits in the ratio of 3 : 2.
A, B and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1.
X, Y and Z entered into partnership on 1st October, 2019 to share profits in the ratio of 4 : 3 : 3.
A, B and C are partners in a firm. Their profit sharing ratio is 2 : 2 : 1.

Fundamentals of Partnership Accounting
In this video you will understand the concept of Guarantee of Profit. 
One of the very important topic of class 12th cbse accountancy. 

In this channel especially following topics will be covered:
Fundamental of Partnership Accounting: (Change in Profit Sharing Ratio, Admission of a Partner, Retirement of a Partner, Death of a Partner and Dissolution of Partnership)
Profit & Loss Account, Profit & Loss adjustment Account, Profit & Loss Appropriation Account, Partner’s Capital Account, Past Adjustments, Guarantee of Profit, Interest on Capital, Interest on drawings and Journal Entries. Revaluation Account, Treatment of Goodwill, Reserves and Accumulated Profits, Realisation Account and Partner’s Loan Account. 
Company Accounts: Accounting for Share Capital and Accounting for Debentures
Not for Profit Organizations: Receipt and Payment Account, Income and Expenditure Account, Subscription Account and Balance Sheet.



Jitendra Singh Jat
Contact us:
jitendra.singh2104@gmail.com

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Very Important topics:
How to prepare Revaluation Account:
https://www.youtube.com/watch?v=aeFIZ...

How to prepare Provision for Depreciation Account:
https://www.youtube.com/watch?v=dWvpH...

How to calculate Subscription of Current Year:
https://www.youtube.com/watch?v=9_DId...

How to prepare Cash Flow Statement:
https://www.youtube.com/watch?v=B-Pj5...

Top Playlist: TS GREWAL SOLUTIONS
1. Fundamental of Partnership Accounting:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3W2zuVQYX_gu5M5f-R9FWl   

2. Not for Profit Organisation:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC2zApAy82hZ_vpE1RfvUQfN    

3. Admission of a Partner:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3M3RGndImKijVJx2Uas55z     

4. Retirement of a Partner:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3ztU87JZiZ0pp3QvSw8cgb    

5. Death of a Partner:  https://www.youtube.com/playlist?list=PLKtrjBPE0kC3UzSoqfRA_9_f0vL648kcv   

6. Dissolution of a Partner: https://www.youtube.com/playlist?list=PLKtrjBPE0kC2Y21zZl2m78y15GVxb6zJB  

7. Accounting for Share Capital: https://www.youtube.com/playlist?list=PLKtrjBPE0kC3fD0oAE92197L5PDCv_qbv  

8. Accounting for Issue of Debentures: https://www.youtube.com/playlist?list=PLKtrjBPE0kC2-aof4Y1tFe-wurCQ5XazJ 

9. Cash Flow Statement: https://www.youtube.com/playlist?list=PLKtrjBPE0kC2pxEdA4qGj_0eEjZsN-qWT

10. Ratio Analysis: https://www.youtube.com/playlist?list=PLKtrjBPE0kC063tkNXQsdnSmdw0gBDBrj


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