Revaluation Account (Need, Concept and Journal Entries) ~ Partnership Accounts

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In this lecture I have discussed the need, procedure, concept and necessary journal entries required for revaluation of assets and liabilities at the time of admission of a partner, retirement or death of a partner and change in profit sharing ratio among the partners.
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#Revaluation A/c, #Accounting #AOA

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आदरणीय सर प्रणाम । मे अभी अभी वाणिज्य का व्याख्याता बना हु आप के वीडियो देख के मेरे शिक्षण मे काफी सुधार हुआ है आपके शिक्षण का तरीका काफी सहज व सरल है

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@BLAST go and learn the meaning of reserve and provision you will come to know about it

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[@aaravaggarwal4198]

Sir u teach very well But I am having a doubt Assume that A and B started business on 1st april ,2018. And it kept going like that but on 1st october 2018 they decided to admit C as a new partner . So should partner prepare profit and loss account from 1st april to 31st september and distribute the resulting profit or loss among the old partners in old psr or it shouldn't be prepared and if not ,then why ? Kindly reply sir ,I am very confused

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