#1 Treatment of Goodwill [Concept and Journal Entries] ~ Admission of Partner

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Explained the concept, procedure and need of passing journal entries at the time of admission of a partner as per revised syllabus of CBSE for class 12th.
Student can also watch the following lectures related with the same topic :
1. Treatment of Goodwill - Practical Question (Admission of Partner) :
• #2 Treatment of Goodwi...
2. Revaluation Account ~ Concept, Need & Procedure (Partnership Accounts) :
• Revaluation Account ~ ...
3. New Profit Sharing Ratio (Type-1) Admission of Partner :
• New Profit Sharing Rat...
4. Capital Adjustments though Cash / Bank (Type-2) Admission of a new partner :
• Capital Adjustments th...
5. Capital Adjustment though Current A/c (Type-1) Admission of a New Partner :
• Capital Adjustment wit...
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[@DipanshuKumarBMC-B]

Oo really .
Then answer this question .
1+1

[@mdahmad4431]

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[@DipanshuKumarBMC-B]

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[@dhruvchoudhary7433]

@@DipanshuKumarBMC-B P1. 1 is in N.
P2. If x is in N, then its "successor" x' is in N.
P3. There is no x such that x' = 1.
P4. If x isn't 1, then there is a y in N such that y' = x.
P5. If S is a subset of N, 1 is in S, and the implication
(x in S => x' in S) holds, then S = N.
Then you have to define addition recursively:
Def: Let a and b be in N. If b = 1, then define a + b = a'
(using P1 and P2). If b isn't 1, then let c' = b, with c in N
(using P4), and define a + b = (a + c)'.
Then you have to define 2:
Def: 2 = 1'
2 is in N by P1, P2, and the definition of 2.
Theorem: 1 + 1 = 2
Proof: Use the first part of the definition of + with a = b = 1.
Then 1 + 1 = 1' = 2 Q.E.D.
Note: There is an alternate formulation of the Peano Postulates which
replaces 1 with 0 in P1, P3, P4, and P5. Then you have to change the
definition of addition to this:
Def: Let a and b be in N. If b = 0, then define a + b = a.
If b isn't 0, then let c' = b, with c in N, and define
a + b = (a + c)'.
You also have to define 1 = 0', and 2 = 1'. Then the proof of the
Theorem above is a little different:
Proof: Use the second part of the definition of + first:
1 + 1 = (1 + 0)'
Now use the first part of the definition of + on the sum in
parentheses: 1 + 1 = (1)' = 1' = 2 Q.E.D.

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Wah kya soch here teri 😆😆

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Thankyou sir😘
Aap Jo poor students k liye free m video provide karatey ho vo bohot hi sarahaniiya kadam h🙏🙏

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shi baat hai

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He is the best accounts teacher

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Sir kha padhate hai

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This year i study in class 12th
Your videos help me a lot...
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Thanks a lot sir 😇☺🙏🙏
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Ql

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Really you makes understand the topic easy and simple

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[@deepanshuagarwal3465]

Sir aapne ye doubt clear kiya ki purchased goodwill ko kyo write off. Kerte hai thankyou

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I really understood every thing

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[@blast2686]

But sir said New partner can only receive self generated goodwill. BUT THE New partner was given Rs 40,000 as goodwill(including purchased and self generated goodwill) plz explain

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And u are very Much knowledgeable 😍😍😍😍😍

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Please upload CA Inter investment accounting... humble request, most of need it....

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Sir aap aise hi padhate raho bhut badia samajh ata hai thanks for teaching us

[@blast2686]

But sir said New partner can only receive self generated goodwill. BUT THE New partner was given Rs 40,000 as goodwill(including purchased and self generated goodwill) plz explain

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Sir please make a video on income from house property

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Naresh Sir ❤❤❤

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Thankyou you sir ❤❤❤

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Sir we sacrifice and we place the amount in reserve of sacrificing ratio

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[@MdAkram-vj3jr]

Sir plzzz ek video hidden goodwill pe bnaiyena q ki sir usme goodwill of the firm nikaalne k liye new partner k share ko Ulta Kr dete but sir concept nhi smjh Aaya k q Ulta krte hain.

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Super sir

[@blast2686]

How did Sir calculate premium of goodwill of Rs 40,000? He got Rs 40,000 by dividing 80,000(self earned goodwill not purchased’ with new partners gain ratio or new ratio?

[@ysccreationz8362]

He got 40000 which is divided into sacrifice ratio 1:1 that is 20000

[@dineshrawat6538]

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[@blast2686]

How did Sir calculate premium of goodwill of Rs 40,000? He got Rs 40,000 by dividing 80,000(self earned goodwill not purchased) with new partners gain ratio or new ratio?

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Can you add the name of book which you are teaching

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Thanks sir
Watching one day before
2 preboard exam