Change in Profit Sharing Ratio Among Existing Partners (Class 12)
When Class 12 partners change the profit sharing ratio, sacrifice is old minus new share and gain the reverse; gainers compensate sacrificing partners.
Master Accountancy for Class 11 and 12 Articles
Page 2 of the Accountancy article archive.
Accountancy Articles
Petty Cash Book: Meaning, Format & Imprest System | CBSE Class 11 Accountancy
Master the Petty Cash Book Class 11 concepts! Learn the meaning, analytical format, and the Imprest System with our step-by-step Accountancy guide.
Accumulated Profits & Capital Adjustment on Admission of a Partner
Accumulated profits and reserves go to old partners in the old profit sharing ratio, and capitals are adjusted to the new ratio only if the partners agree.
Cash Book in Accounting: Single Column & Double Column Explained
Master Cash Book Class 11 concepts! Learn single & double column structures, contra entries, and preparation tips for CBSE Class 11 & CUET exams.
Revaluation of Assets and Liabilities on Admission of a Partner
On admission, the Revaluation Account records changes in asset and liability values, and the resulting profit or loss goes to old partners in their old ratio.
Special Purpose Books in Accounting | CBSE Class 11 Accountancy Chapter 4
Learn what special purpose books are, why businesses need them, and the six types covered in CBSE Class 11 Accountancy Chapter 4 — with exam tips and FAQs.
Treatment of Goodwill on Admission of a Partner (Journal Entries)
Learn the accounting treatment of goodwill on admission of a partner with journal entries for cash, non-cash, and hidden goodwill scenarios — CBSE Class 12.
Ledger and Posting in Accounting – Class 11 CBSE Complete Guide with Format and Examples
Master Ledger and Posting Class 11 CBSE Accountancy. Learn ledger format, posting rules, classification of accounts, and key differences with journal.
Methods of Valuation of Goodwill: Average, Super Profit & Capitalisation
Master goodwill valuation methods in CBSE Class 12 Accountancy: Average Profit, Super Profit, and Capitalisation methods with step-by-step solved examples.
What Is a Journal in Accounting? Book of Original Entry Explained – Class 11 CBSE
Understand the journal as the primary book of original entry in CBSE Class 11 Accountancy. Learn format, narration, and recording principles with examples.
Goodwill in Accounting: Meaning, Need and Factors Affecting It
Comprehensive guide to goodwill in partnership accounting for CBSE Class 12. Learn its definition, need for valuation, and factors influencing value.
Rules of Debit and Credit in Accounting – Class 11 Complete Guide with Examples
Master the traditional and modern rules of debit and credit in accounting for CBSE Class 11, with clear examples, journal logic, and exam tips.