CLASS 12 CG BOARD COMMERCE 2026-27 BATCH DEMO CLASSES DAY-6

Added: 2026-06-10

[00:00:17]All the children who are watching on YouTube, please check and tell me son, is the audio video clear?

[00:00:22]Manish Sahu Very good evening Sneha Very good evening, son, please check whether the audio video is clear.

[00:00:33]Children of YouTube, please tell me whether the audio video is clear? Then we will continue the class.

[00:00:50]Son Sneha, please reply quickly.

[00:00:53]Is the audio and video clear? Atul Dwivedi, I am very good my brother. How are you?

[00:00:59]YouTube kids, please tell me quickly whether the audio and video is clear, then we will start the class.

[00:01:27]Okay, Vrindavan said, yes, it is clear Atul Bhai, class 11th and 12th classes are going on here.

[00:02:04]Welcome back once again. I am your friend educator Amit Verma.

[00:02:09]In the previous class, we had probably done question number nine of ah ah class 12th Accountancy Commerce, chapter number one partnership fundamentals. Let's check it once. I had done it till nine, maybe nine was also done, okay, I think I had done it till 10, we had done it till 10, okay, in today's video we will do class questions from 11 onwards, we will do question number 11 from 11 onwards, okay, this class is going on in YouTube as well and is also going on live in our application. A 15-day demo is being given on YouTube for the children who want to purchase our course. Some children are like this, yes sir, how can we believe how you teach? We will understand whether we will understand or not. Let's assume that it doesn't come and if we pay the money, our money will be wasted. For this reason, a 15-day demo class has been organised on YouTube so that all the children who want to buy the course or purchase it can see once how we teach. Are you understanding what we have taught you or not?

[00:03:24]Ok? And those who are watching the live classes in our application have already purchased it. Correct? So let's go here Ramakrishna Bhai is saying, Sir, I had also passed 10th.

[00:03:33]Ok? So we will continue here today with question number 11. Ok? Look, I have told you the first chapter.

[00:03:40]This is to clear the basic concepts.

[00:03:42]Its weightage is less in the exam.

[00:03:44]From here you will get numerical questions of one or two numbers, your MCQ and your one by one word questions will come.

[00:03:52]Ok? Practical questions do not come from here.

[00:03:53]But only if we read this chapter, we will be able to learn the next chapter easily. We are studying this because in this chapter itself we will learn about interest on loan, interest on drawing and two accounts of partners.

[00:04:06]Your capital is when capitals are fluctuating and when capitals are fixed.

[00:04:10]So we are learning all these things.

[00:04:12]Our aim here is to learn the basic fundamentals.

[00:04:14]That is why we are doing the questions of this chapter.

[00:04:16]Ok? So let's do question number 11. So son, see here question number 11 is given that Sita Geeta are partners in a firm whose capital on 1 January 202 is 60000 and 50000 respectively, meaning Sita Geeta are two partners and they have invested ₹0000 and ₹0000 in the firm. Give Allowed Interest on Capital 7:1/2 Understand the matter son. Here you will get interest 7:1/2. This question had come in the exam last year and it was a similar question and the same value was given. Many children did not make this after seeing 7.5%. This question did not come. There was a revaluation notice. Next I will explain to you what revaluation is. So here it was given as 7:1/2. So many children did not get this done because many children do not know how to do it. Hey, 7:1/2 means 7.5%, right? So let's solve this.

[00:05:17]So here the interest on capital is 7.1/2% per annum. Sita gave Rs 60,000 to the firm as loan on 1 July 2020. Sita is the partner who is giving the loan to the firm. It's a simple thing. If a partner gives loan to the firm.

[00:05:35]If a loan is given to a firm, then the firm pays interest on the loan at 6% per annum. If nothing is said in the question.

[00:05:44]Ok? And if it is given how much interest percentage is to be paid then we pay only that much.

[00:05:49]Ok?

[00:05:51]And it was given on 1st July, right? On 1st July on 1st July. Ok? 1st July and when is their year end? 31st December. So we will count from July till December. That means July, August, September, October, November, December. How many months are there in total?

[00:06:07]We will charge interest for 6 months. Correct?

[00:06:09]Look ahead. It is further written that Geeta is entitled to get annual salary of ₹8000. Geeta will get an annual salary of ₹8000. Given below is the profit for the year ended 31st December 2020 before making above adjustments var ₹18,000 means ₹1,000 is the profit before above adjustments. Meaning, before making all these adjustments, the profit of the firm is ₹1,000. The question is saying prepare profit loss appropriation account. Ok? So we will create a profit and loss appropriation account here.

[00:06:43]Here we will create the Profit Loss Appropriation Account. Ok? The line will be drawn something like this. The heading above will be Profit Loss Appropriation Account. Profit Loss Appropriation Account. This is left hand side debit right hand side credit. Here we will write particular amount particular amount okay Trisha good evening Laxmi Nagesh Radhe-Radhe so profit loss appropriation account has to be made first of all on the credit side we will write by net profit net profit okay by net profit net profit now you see how much net profit is given here ₹18000 is the net profit of the firm ₹18,000 is the net profit of the firm.

[00:07:39]And there are two partners here. There are two partners, Sita and Geeta. So here both will be given interest on capital of 7.5%, so look at the interest on capital of Sita, the interest on capital of Sita.

[00:07:53]How much money has Sita invested? ₹60,000 has been invested.

[00:07:55]7.5% of ₹60,000, so look son, why don't you write 7.5 as 7.5. Ok? 7.5 so why don't we write it as 7.5/100.

[00:08:09]So you can definitely write. And what should you do instead of points, son? Remove this point.

[00:08:15]Remove the point here and put a zero.

[00:08:17]Then your work will become easier.

[00:08:20]These three zeros cancel out from here. Three zeros cancel out on top. Ok? Here zero of zero is 6 * 5 = 30 of zero. Three carry 6 * 7 6 * 7 = 42 42 and three becomes 45. So Sita's interest here is ₹4500. If we talk about Geeta, Geeta has given that the capital is ₹500, 7.5% of which is 7.5/100 and if we remove this decimal then what will happen below?

[00:08:49]Another zero will be added below and another zero will be added.

[00:08:53]So these three zeros from the bottom cancel out.

[00:08:55]Three zeros cancel out on top.

[00:08:57]0 of 0 5 * 5 25 of 5 2 carry 5 7 35 35 and 2 will become 37 3750 okay if you calculate in this way then here we will directly write interest on capital to interest on capital Sita and Geeta Sita's is ₹4500 and Geeta's is ₹3750 ₹3750 together will be zero this 5 7 and 5 12 and this will become four and 3 7 and one eight ₹8250 okay means the net profit of the firm is ₹18000 right now interest on capital has been given how much has been given ₹8250 not by adding both the partners Aryan Bhai look at Saturday and Sunday the classes will be closed on Sunday, it is possible that you might not have watched the recorded video of Friday's class completely because you did not come live. Here, we can clearly see the name, number, email ID of all the children who come live in our application. So son, we have offline test on Saturday.

[00:10:10]Ok? And I have just started the class. You guys probably haven't learned everything. Once you learn everything, we will study here from Monday to Friday and the test will be taken on Saturday. Let's talk about what we do offline?

[00:10:24]All the children come here to the class room. We distribute the paper to everyone and they submit the test back to us within 1 hour, 1.5 hour, whatever the time is.

[00:10:32]What will happen online now? Now I will not be able to come to your house and see how you are solving the paper. From here, we will post the questions in whatever group you have created or in the application itself every Saturday. You have to download the PDF of that question and make the solution of the question and WhatsApp it to us. We will check that. Then your marks will be told. Ok? So it will be closed on Sunday, there will be testing on Saturday and testing will not be done all the time. That will be topic wise. If we feel that we have not completed any topic then it will be taken next Saturday. It is not necessary that there will be a test every Saturday. Yes, but it is offline. Ok? So it becomes interest on capital.

[00:11:20]Now after this Geeta is entitled to get annual salary. Well, Geeta will get annual salary and Geeta Sita will get interest on loan. Ok? Look here, Sita, let's erase this a little. You will understand it a little better.

[00:11:40]You see here Sita has given loan to Sita firm. How much loan has been given? A loan of Rs 16,000 has been given to Sita Firm.

[00:11:49]So how much interest will the firm pay on the loan? 6%, so if you see, if we calculate the interest on loan here, it is ₹16,000.

[00:11:59]What percent of ₹16,000? 6% Many children have a doubt that Sir, where did this 6% come from? So when is it okay in the partnership deed?

[00:12:07]If it is silent in the partnership deed that if any partner is giving loan to the firm, then the Partnership Act 1932 says that the firm will return that money to the partner with 6% interest.

[00:12:18]So look, 6% of 16,000 is for how many months? Here it was given on 1st July and what month is December from 1st July? 6 months.

[00:12:28]So we will take out 6 months. So 6/12 will do.

[00:12:31]Why do you do 12 at the bottom?

[00:12:34]Because 6 months out of 12 months have to be withdrawn. There are 12 months in a year.

[00:12:38]Correct? So these two zeros cancel out. Two zeros were cancelled from above. 6 * 1 = 6 * 2 = 2 * 1 = 3 This is 3 0 3 * 6 = 18 One carry 8 One carry 3 * 1 = 3 4 What is the interest on loan of ₹480? ₹480, so here you will write to interest on loan.

[00:12:57]Ok? To interest on loan. IOL is written in short. Who is it being given to here? It is being given to Sita. Sita is being given to Sita. Ok?

[00:13:09]How much is being given to Sita? ₹480 ₹480.

[00:13:13]Ok? Now you see further. Salary is being given here. Geeta is entitled to get an annual salary of ₹8,000. So Geeta will get salary here. To salary.

[00:13:25]Two salaries here. And who is getting it? To Geeta. Geeta is getting salary. How much money are you getting? ₹8,000 is written in the question but nimum per annum means that it does not have to be rounded into 12. Sometimes in the question when month is given then if month is given then you will enter it from 12.

[00:13:43]Ok?

[00:13:46]So this happened. Now everything is done. Salary was also given. Now whatever money is left will be divided among the partners. Well, I would like to ask all of you viewers, tell me in which ratio will you distribute the remaining profit money to Sita and Geeta, tell me quickly, after seeing it, in which ratio will you distribute it, you can see the question, after seeing it, tell me, Prince Chandrakar Bhai, do only the previous year questions and do the questions of Adarsh, you will pass, Prince Chandrakar Bhai has come safely. No problem brother, you ask questions about Adarsh. Do previous year questions and you will be done.

[00:14:46]Aastha Kushwaha is telling that Aryan has said that they will divide it equally. Ramakrishna is also saying 1 1 Trisha is also saying equal ratio Anvesha Dodwani, okay, you are saying the right thing, all of you are saying the right thing, it will be distributed equally according to the partnership deed, we see that if suppose the question is silent, nothing is said in the question, then whatever remaining profit or loss is there, the partners distribute it equally among themselves, then you all were right, it will be distributed equally.

[00:15:17]what shall we do now? Now we will see which of the two sides has greater value. So if you see, if we look at both of them, the right hand side credit side has a bigger value of 18000 which we will write on both the sides. Will write 18000 18000 on both sides, okay? Now how much of the Rs 18,000 has been spent? So this 8250 480 and 8000 will become 8 8 16 16250 If we add 480 to 16250 then 8 5 13 4 2 6 7 ₹16730 has been spent ₹160 ₹730 so how much is left, 3 went out of 10, 2 went out of 9 and from here it was carry i.e. one ₹1270 coming to ₹1270 and the partners will divide this among themselves.

[00:16:14]So here we will write to profit transfer to partner's capital account. So the remaining money will be distributed among the partners in the capital account. We will divide ₹1270 among ourselves. Ok? We will divide ₹1270 among ourselves. Look, let me take this line a little further.

[00:16:46]1270 1270 ok? In what ratio will Sita and Geeta divide it here? 1:1 means it will be ₹635.

[00:17:00]₹635 will be divided between the partners. Look, look carefully. If you have any doubt, ask.

[00:17:09]Ok?

[00:17:13]Ok. Trisha Lakshmi, Sneha are fine. Lakshmi Bhai had already told the answer.

[00:17:22]So 635 635 is correct. Excellent. Ok.

[00:17:27]Look brother Prince Chandrakar, you are asking, tell me something important. Ok? So a question will arise regarding revaluation. One will come for realization and one will come for creating partner's capital with revaluation and one will be your issue of share capital question in which your share application, allotment, first call, second call, okay, after that the question of debenture will come, if you do this much you will pass my brother, now you will say that sir tell me the question, then brother the value is given in the question book, like the question which we are doing in the book, okay, it is not necessary that the same value which is written here will come, the value changes. You just have to remember the concept.

[00:18:05]If you know the concept then this has to happen every year my brother. Ok?

[00:18:10]One question on revaluation, one question on realization, one question on partners capital with revaluation and one question on issue of share capital will come for eight marks and one question on debenture will come for eight marks. Ok?

[00:18:22]Brother, please write this down. This is what is to come.

[00:18:33]Tisha what is saying sir it will cost 18000 what thing it will cost 18000 ok yes friend sorry sorry sorry yes friend I will not write this 1270 yes it was a mistake, it was a mistake sorry it will be ₹18000 sorry it will cost ₹ 18000 ok total it will be ₹18,000. Ok? So, this is how the query will be created. So, now let us move on to the next question. Now let us do question number 12. Ok? So, before understanding question number 12, let us understand a few things before making it.

[00:19:14]Look, the question tells us to prepare a partners capital account.

[00:19:28]Prepare Partners Capital Account. The question says so.

[00:19:31]Ok?

[00:19:34]So when we prepare Partners Capital Account, it is given in the question when capital is fixed. It is written like this when capitals are fixed.

[00:19:50]Or it is written when capitals are fluctuating.

[00:20:01]Ok? Understand carefully. Partners capital is very important. If it comes in the exam then you should understand the concept well. Once you understand the concept, you will do well because 12th CG Board is very easy. Ok? Yes, trust me, you just have to attend my live classes throughout the year.

[00:20:22]I guarantee you that you will get 100 out of 100. Meaning, if the paper is of 80 marks then you will get 80 out of 80. There are many such children, both online and offline, who have scored 100 out of 100 marks in Accounts. Ok? So it will definitely come to you too. is not a big deal. Yes. So Partners Capital Account when capital are fixed when capital are fluctuating.

[00:20:46]If the question says when capital is fixed then we have to create two accounts.

[00:20:50]One has to be created as Partners Capital Account and the other as Partners Current Account. Is it clear? And if the question says when capitals are fluctuating then we create only one account which is Partners Capital Account and if the question is silent, it means that it is not mentioned in the question that how to create Partners Capital when capitals are fixed, on what basis is it to be created? Hey sorry friend, I have to write this here. n Capital Hey, it's coming all the way. Yes, it will come here.

[00:22:04]When the question is silent, when nothing is given in the question, then how should the partner's capital be made, when the capital is fixed or when the capital is fluctuating, then on what basis will we make it, we will make it on the basis of fluctuating, okay, I will explain slowly what it is brother, my voice is clear from here, is it okay? I am explaining slowly. So, let's learn that Partners Capital. Partners create capital in two ways. When capitals are fixed and when capitals are fluctuating. When the question says when capital is fixed then two accounts will be created. One is Partners Capital Account and the other is Partners Current Account. Let's talk about the same thing. If the question is saying when capitals are fluctuating then here we have to create only one account which is called Partners Capital Account. Ok? And nothing has been given in the question. Just saying that partners should make capital. Still, which one will we make? Will create fluctuating. When the question is silent, it is made fluctuating. Ok? So let's look at the question here and understand it. Then I will tell you all the things in format verbatim through questions.

[00:23:25]X and Y are partners in a firm sharing profit and loss in the ratio of 3:2 correct? X and Y are partners. Their profit sharing ratio is 3:2. Ok? The capital R 75000 50000 so much money has been invested respectfully the following information supplied for the year ended 31st December 202 Okay here ₹75000 and ₹00 have been invested and this additional capital has been invested additional capital understand the matter son what is happening here ₹75000 and ₹00 have been invested in this business if any extra money is coming in between the year we call it additional capital. Let's assume brother, I am doing business and have invested ₹1 lakh in my business. I need another ₹1 lakh. I am still short of ₹2 lakh. So what should I do? I will invest another ₹ lakh from home in my business.

[00:24:18]What will that be called? It will be called additional capital. Ok? Or what happens sometimes? If any partner, I am saying a partner, sorry, if there is excess money in the firm, then it becomes over capitalized, then that money is withdrawn. Ok?

[00:24:35]What is happening here? It is being undercapitalized.

[00:24:37]Meaning, if there is a need for more money then additional capital is being brought in. And if ever there is excess capital, it is withdrawn. So what is the story here? It is about additional capital and extra money was brought in. ₹15,000 was brought by X and ₹16,000 was brought by Y.

[00:24:55]Ok? After that interest on capital per enum. How much interest on capital will both get? Will get 66%. Ok?

[00:25:04]₹1500 during the year and ₹1000 such drawing during the year. So how much is the drawing here?

[00:25:10]₹1500 and ₹1000. The salary that x is getting here is ₹1000. If nothing has been given then it is for the whole year. Will agree. Look at the commission, x got ₹500, y got ₹350. Share of Losses for the Year. Look, the loss these people incur in a year is ₹3000 and ₹2000.

[00:25:27]We used to prepare profit loss appropriation account to calculate profit and loss, so it is already given to us that there is loss. Ok? How much is the loss in rupees? ₹3000 and ₹2000 are also divided in the ratio of 3:2. And what is the interest on drawing? ₹90 and ₹60. Correct?

[00:25:44]Question speaking Record the above information in capital account of partners when capital are fixed when capital are fluctuating. Ok? So here we have to see when the capital is fixed, son, when the capital is fixed, then which account will be created? One will be Partners Capital and the other will be Partners Current Account. And in fluctuating, only one Partners Capital Account will be created. Ok? So look, here we will create an account with capital R fixed. Before that, let me give you a calculation of interest on capital.

[00:26:27]After that we will start making it.

[00:26:30]Look son, calculation of interest on capital.

[00:26:35]Calculation of Interest on Capital See there are two partners x and y see here you are two partners x and y. Ok?

[00:27:01]So x has invested ₹75,000, then what percentage of ₹75,000 will be received here? The rate of interest given here is 6%, so let me check here 6% of Rs 75,000 in 1 second book. This is not 15,000 or 10,000 as I remember. Okay okay okay.

[00:27:19]Here son, please correct this one which is worth ₹1,000.

[00:27:26]You have it correct in the book. This is ₹10,000.

[00:27:28]Ok? There is a typing mistake here.

[00:27:30]Additional capital x brings in ₹15,000 and y brings in ₹10,000. We are talking about the old Capital of ₹75,000 and ₹5,000. So brother, if interest has to be paid then how much will x get?

[00:27:41]6% of 75,000 so these two zeros cancel out. These two zeros cancel out 6 * 5 = 30's zero. Three carry 6 7 42 and 42 and three becomes 45. This ₹4,500 became interest of ₹75,000. Now tell me this friend, he has brought money in the middle of the year also, x ₹15,000, will the firm pay interest on that also. Ok? You will get interest on this ₹1,000 also and when did you bring it?

[00:28:08]What does seven mean? july. April January, February, March, April, May, June, July.

[00:28:13]Brought the money on 1st July. So for how many months will the interest be charged? July, August, September, October, November and December.

[00:28:18]₹1,000 will attract interest of ₹6,000. Meaning you will get ₹6000 more for the additional capital you brought.

[00:28:25]How much additional capital did you bring? ₹15,000 what percentage?

[00:28:28]6% for how many months? 6 months old. So 6/1 so here you see these two zeros cancel out.

[00:28:36]These two zeros cancel out 6 * 1 6 * 2 * 1 3 and how much will 150 * 3 become? It will become ₹450.

[00:28:44]And if you total both of them then this 0 5 ₹4950 what is happening here? Whose interest on capital is being earned? Of X. Ok?

[00:28:54]Similarly we will find out y. Similarly we will find out y. Now you see how much money has been invested in starting yy?

[00:29:03]So y is invested ₹00. ₹00 ₹00 then what will be 6% of ₹00 for the whole year? So these two zeros cancel out these two zeros cancel out 0 65 30 of 30 is 30, right? So how much is this? I have invested ₹3000 and additional capital also, son. It shows ₹16,000 in my slide. This is wrong. This is ₹10,000. Ok? It must be given correctly in your book.

[00:29:35]You guys please check it once, let us check it once.

[00:29:38]Riddhi Yadav Hello, please check it. It is ₹10,000.

[00:29:42]So this brings in ₹10,000 additional capital.

[00:29:45]₹10,000 so when did you bring ₹10,000?

[00:29:48]In July. So how many months will it take to earn 6%? It will take 6 months.

[00:29:51]Ok? So here you will cancel two zeros.

[00:29:54]This 6 * 1 6 * 2 * 1 = 3 how much rupees? You will get ₹300 more interest. I mean, how much of this is happening? ₹3 ₹300 ₹3300 ok.

[00:30:11]Well, I just had to withdraw ₹3300. Now let us start making it. When capitals are fixed. So two accounts are created in fixed.

[00:30:18]Which are the two accounts? So the first one will be the partners' capital account.

[00:30:32]And the second will be the current account of the partners. Ok? When capitals are fixed. So first of all we will create Partners Capital account here. Ok?

[00:30:51]Partners Capital Account.

[00:30:56]Look son, look carefully. It's very easy.

[00:30:59]Nothing is too tough.

[00:31:06]Here we will write Partners Capital Account.

[00:31:15]This debit here and this credit here. There are two partners x and y, we will write here particular x y particular x and y ok ok Laxmi Nagesh is right, the interest came to 3300, yes you have calculated it correctly, ok Aryan Bhai, yes it is ₹10 ₹1000, that is correct, isn't it correct in your book, I had written it wrong here, see first create partner's capital, understand the matter, when we say when capital is fixed, then two accounts are created, one partner's capital and partner's current account and what do we write in partner's capital, only how much money the partner has invested in starting or how much additional capital he has brought, only that is written, apart from that nothing else is written, where will we write all the other things?

[00:32:18]Here the partners will write in the current account.

[00:32:20]I am speaking again.

[00:32:22]Understand what I am saying. Whatever amount of money the partners invest in starting or bring extra money which is called additional capital or suppose there is some excess money, there is over capital, then some capital is being withdrawn from the over capital, only that thing is written in the partners capital and if a partner is getting salary, someone is getting commission, there is profit or loss from profit loss appropriation, interest on drawing charges, where will all these things be written, the partners will write it in the current account, right?

[00:32:53]What will you write here? Only the partner's capital, the money he has invested or the additional capital he is bringing in or the money he is withdrawing.

[00:33:02]So here we will write buy balance brought down. Now see how much money these people have invested here? ₹75,000 and ₹00 were invested. ₹75,000 and ₹0000 were invested. After that, if we bring additional capital then we will write by cash here. If additional capital is brought in, the partners' account is credited. Increases. I told you that in the beginning we had asked one more question on Friday. Whenever the partners are getting any amount, that is, if the partners are getting something due to which their value capital is increasing, then where do we write all those things?

[00:33:44]Credit side. The one who is reducing the capital, we will show it on the debit side, how much additional capital has been brought here, you will see in the question that ₹15000 and ₹10, this additional capital has been brought, so here we will write ₹15000 and this 10,000, this means that when partners capital, when partners capital are fixed, we create partners capital account in which we have to write partner's capital on the credit side and if some additional capital has been invested then we will write that and suppose if some money is taken out by taking out such additional capital then it will be written to cash here, no additional capital is being taken here, hence we will total it here itself, this will be the total here, now you see how much x is giving here, 70 80 90 ₹90 and here also we will write ₹90 and here we will write to balance carry down how much ₹90 y how much was invested before ₹00 after that I brought ₹100 more, how much did it become? ₹0000 We will write ₹0000 here also and how much will be the balance carried down? 60000 That's all you have to do, my brother. Ok?

[00:34:53]In which? In Partners Capital Account. Now what do we have to make second? Partners Current Account has to be created. And where will all the worldly things come from? Will come in Partners Current Account. Understand?

[00:35:15]Here we will write Partners Current Account Debit Credit Particular xy Particular xy Okay. Now what will these partners do in the current situation? All the money you've got throughout the year, right? Like brother, someone might be working as a manager and getting salary, someone might be working as an agent and getting commission.

[00:35:52]Ok? Interest on capital will be given, interest on drawing charge will be charged.

[00:35:56]Where will I write all these things? I will write it here. Now let us understand one by one. Look, first of all they have got interest on capital.

[00:36:04]So here we will write the credit side. All such things which increase the capital of the partners, we write them on the credit side. All such things which reduce the capital of the partners are written on the debit side. Remember those days when we used to make that in class 11th. Used to prepare profit loss account. A sorry used to make final account. In which gross profit was withdrawn from the trading account.

[00:36:34]Net profit was calculated from the profit and loss account.

[00:36:35]And the same net profit was added to the capital and if there was any loss, it was deducted from the capital. The same story is here. If someone increases the capital of the partners then all those things will come in credit and if he decreases it then we will write it in debit. Ok?

[00:36:53]So here we will first write buy interest on capital. You see, I have calculated the interest on capital at 4950 and 3300.

[00:37:04]4950 and ₹300 interest on capital. Ok? I wrote down the interest mentioned here.

[00:37:10]So much money has been withdrawn from the drawing.

[00:37:13]₹1500 and ₹1000 drawings have been conducted. Ok? Can anyone tell me whether the drawing side will be credited or debited in the Partners Current Account? Tell me quickly. I am waiting for you.

[00:37:24]Where will the drawing come from? Does it increase or decrease the capital of the partners?

[00:37:41]Aryan Bhai is saying that the debit side will come.

[00:37:45]Ok. Good and tell me more. Let the rest tell.

[00:38:06]Ok. Ramakrishna Bhai is also saying that it will come on the debit side.

[00:38:16]Yes Sneha ji, if he reduces it then where will it come from? The debit side will come. Manish Bhai is also saying that it will come on the debit side.

[00:38:25]Ok.

[00:38:27]Ok. Ok. Maximum people are saying that debit side will come. You are right. Here we will write 'to drawing' because drawing reduces the capital of the partner. So we will write the debit side. Look at the drawing here, it is ₹1500 and ₹1000. ₹1500 and ₹1000.

[00:38:46]After that you see the salary. If salary increases the partner's capital, where will it be written?

[00:38:51]I will write the credit side.

[00:38:54]Buy salary ₹1000 then commission this will increase the capital of the partners so on the credit side we will write 500 and 350 Buy commission 500 and 350 500 and 350 then share of loss of the year which is profit loss appropriations due to which the partners have suffered loss.

[00:39:33]So I would like to ask you whether the loss incurred will be written as debit or credit in the current account of the partners? Tell me quickly.

[00:39:54]Shailendra Tiwari, okay Deepak, okay Sneha Lakshmi has also said it right, okay Ramakrishna Bhai has said it is a debit, Aryan Gupta is also saying it is a debit, okay, okay you are saying it is right, so the loss here, the share of loss, the loss, where will it come from? The debit side will come. Reduces the capital of the partners.

[00:40:21]Therefore we will not write loss here. We will directly write the profit and loss appropriation.

[00:40:28]How much loss has come from profit loss appropriation? ₹3000 and ₹2000.

[00:40:35]Last question: Where will the interest on drawing come? Will it come in debit, in partners capital? Will it come in the current account of the partners or on the credit side?

[00:40:45]Okay Devi Sharma you were right too.

[00:40:55]Ayush Sinha Okay, where will the interest on drawing come, will it come in debit or credit in the partners current account?

[00:41:20]So this will come on the debit side. Why? Because it reduces the capital of the partners. The firm is taking interest on drawing. Interest is being charged on the drawing. So ₹90 and ₹60 will be less from here.

[00:41:30]₹90 and ₹60. Here we will write to interest on drawing.

[00:41:37]Ok?

[00:41:39]So this happened. what shall we do now? I will total it. There is nothing else I don't think there is anything else? There is nothing left. Ok? All the things have been written down.

[00:41:54]Now each partner has to tell him, look brother, how much interest on capital did X get? He got a salary of ₹4950, he got ₹1000 and commission of ₹500, so this will become, if we add 500 to ₹5950 then it becomes ₹6450 ₹ 6450 ₹6450 and in ₹6450 already ₹1500 drawing has been taken, the interest of which is ₹90, which means he got ₹1590 and there is a loss of ₹3000, which means the total is 46, if we subtract 4 from ₹450, ₹590 will come, if we subtract 15 from 9 then it will come to 6, if 5 went into 13 then it will be 8, ₹1860 ₹1860 this is his balance to balance carry down, okay, what did you do, see the credit side of x. There is so much balance on the credit side that the amount is ₹6450, out of which brother he had personally withdrawn ₹100 for him. The interest on this is ₹90 and the loss from profit loss appropriation is ₹3000. If we subtract all this, ₹18,000 comes to ₹1860.

[00:43:20]Ok?

[00:43:52]The video disappeared. Now it is visible now.

[00:44:11]Look son, is it working now?

[00:45:40]Wait son, I am checking what is happening.

[00:45:56]Yes Ramakrishna Bhai, I am checking in the application.

[00:47:14]Look son, is the show over now? That's ok. Okay, I have come.

[00:47:47]Yes. So what was he saying here? 6450 will be minus the amount of drawing and interest on drawing and minus the loss. So how much is left?

[00:47:59]₹1860. Similarly, if we look at y, what is y? So it comes to ₹3650.

[00:48:06]How much money has he taken in the drawing? I took this for personal use for ₹1000. The interest on which is ₹60 and the loss is due to profit loss.

[00:48:15]Meaning ₹360 is in minus in ₹3650. So if we subtract 15 - 6 it will become 9, this will come to 5 ₹590, okay.

[00:48:29]Who has mentioned ₹590 in the comment. Correct?

[00:48:32]Excellent. This is how it will be made. So what were we building here? We were making here when capitals are fixed.

[00:48:40]Two accounts have to be created in Capital R Fixed. One is Partners Capital and the other is Partners Current Account. Correct? Partners Current Account. And it is made something like this. And understand carefully. If the question says when capitals are fluctuating. The question says when capitals are fluctuating.

[00:49:07]So we have to create only one account which we call Partners Capital Account and in Partners Capital Account both of these are combined. Ok? A combination of both will be made. Let me show you how it will be made. Let's work. Let's make it a little smaller.

[00:49:34]Ok?

[00:49:36]Partners Capital Account Partners There are two partners x and y Particular x y Particular x and y ok the mixture of these two means what will happen, we will write all the things in Partners Capital, understand the meaning of all the things, here how much money did they get, how much money did they invest, so both ₹75000 and ₹0000 were invested, ₹75000 and ₹0000 were invested, ok this has been written and how much additional money was brought, so here we will write by cash how much additional money was brought? Brought ₹15,000 and ₹15,000 and ₹10,000 more. Ok?

[00:50:42]What are these two?

[00:50:44]Why is it writing on the credit side of the partners? Of the capital account? Because he is increasing their capital.

[00:50:48]Ok?

[00:50:52]Yes son, both will come in the exam. I have to make both, my brother. Meaning both means when capital R is fixed or when capital R is fluctuating, my brother. He will ask you not to make both. When capital R became fixed, when capital R also became fluctuating. It will take a lot of time, you will make this as well, you will make this as well, there is not that much time brother, each question is asked from different chapters, so when capital is fixed or when capital is fluctuating will come, but mostly it has been seen that when capital is fluctuating only comes, whatever questions we make in future, we will make only when capital is fluctuating, okay, so this is what happened, now see, after that, who was increasing their capital here in the current account, interest on capital, so brother, by to by interest on capital, how much interest did they get? 4950 and 3300 okay and what? I got my salary. Who got it? Bye salary to x. How much is the salary?

[00:51:48]Got a salary of ₹1000. After that both of them got commission.

[00:51:50]So by commission.

[00:51:54]By commission. How much rupees? ₹500 and ₹350. Ok? So whatever credit side value was there here, I wrote it all down. This one was also taken up, the one in the Partners Capital Account and all the ones in the Partners Current were written on the credit side. Now comes the turn of the debit side. So son, understand that the Partners Capital Account, when the capital is fixed, is its total balance. This is balance. That's why I won't write it. Isn't it?

[00:52:21]All these things are given here. Meaning this drawing has been done, profit loss appropriation has been done and interest on drawing, these three things will come. Ok? You always have to remember that when capital is fluctuating then only one account will be created, Partners Capital Account and what will come on the debit side, so on the debit side only three things will come, one will be your drawing, one will be interest on drawing and secondly if there is loss from profit loss appropriation then that will come, okay so see here all three are there, so all three will come to drawing, how much is the drawing, drawing ₹1500 and ₹1000 okay? After that there is loss from profit to loss. How much rupees? ₹3000 and ₹2000 thereafter as interest on drawing. How much is it? ₹90 and ₹60.

[00:53:25]Now we will do the total. So the total here, when we calculated the total of all three, it was 6450. What new thing has come here, 90000 more has come, so how much will the total be here, 96000 450. If I add 90000 more, then it will be 96450.

[00:53:44]Here 6450 was the capital bus, I had not written it. I have written both of them here, so 96450 will come here also. We will write 96450 and how much will the balance come here? If the balance is carried down, then how much will the balance come here, 90000 was 91860, okay, this will be the balance ₹91860. If we talk about y, then 50, okay, how much was this coming here, ₹3650, 3650 was coming here, in which we have added extra ₹60, so it will come to 63650, 63 650 50, so 63650 came in which we People, if we subtract all this here, then how much will come, 590 will be left, in which 60 means 60000 6590 this value will come, okay, so it will be made in this way, now tell me did you understand the partner capital account by both the methods, when capital is fixed and when capital is fluctuating, yes brother, I told you it is not working, that is why I did it, now it is working, okay Ramakrishna brother, a glitch occurs in between. Isn't it? Now I understand how to fix it. That will happen. There is no problem.

[00:56:10]So tell me, did you understand?

[00:56:14]Whoever is watching our classes in the application, tell us what you understood and those who are watching live on YouTube, also tell us what Kumar Priyanshu is saying, what are the topics, what does it mean, our Manish Bhai had said one day that Sir, tell me chapter eight. I asked what do you want to tell? So he said the whole question. I said brother, I will not be able to tell the complete question.

[00:56:51]Question homework of the entire chapter has been given. The teacher says. So I said, what is the point of becoming a teacher who gives homework for the entire chapter? So brother, you tell me a few selected questions and I will tell you after hitting you one or two times.

[00:57:02]So brother, at least seven-eight questions were sent to me. So I talked to Manish Bhai.

[00:57:07]I said, brother, from where will I be able to make the complete question? Even seven-eight questions take time, our classes are conducted offline.

[00:57:14]Then I said that you should look around somewhere, you might get guidebook from there. You can print it if you have to write it. So my brother searched it on Google and sent it to me and asked me to check the answer whether it is correct or wrong. Hey brother, do one thing, print whatever it is.

[00:57:30]Okay Manish Bhai, print the answer, there is no problem because you are adopting the shortcut method. Ok?

[00:57:38]Instead of understanding, you want to write it down. You want to complete the copy. That's what I told you in the first class itself that your aim here should be to learn. Ok? Isn't it true that you have to pass 12th? If you want to become a servant in life. Ok? So you will pass it just like that.

[00:58:00]Meaning, if you just read something light normally, it will pass. Ok? If you want to read with a creative mind. Correct? So you have to understand the whole process.

[00:58:20]What topic is going on? Which book are you teaching? Son, here Chapter Number One Fundamentals of Accountancy is going on and the topic is Chapter One, Question Number 11.

[00:58:32]Correct?

[00:58:36]Ok. This is it.

[00:58:43]Sir, how to calculate interest on capital once? This is what brother is asking. Hey brother, look Ramakrishna brother, what is happening here?

[00:58:54]Calculation of interest on capital. Brother, how much money did those people invest? It is given in the question that 75000 and 50 were invested. So take out 6% of 75000, i.e. 4500 and additional capital is given in the question. Hey additional brother additional upraha hey in Chhattisgarh they don't say upraha so he has brought more upraha brother he has brought 15000 more and y has brought ₹100 so brother the interest for the ₹1000 more he has brought will be given, 6% of 15000 will be given for 6 months so this comes to ₹450 so how much is the total by adding both of them is ₹4950 if we talk about y then y had brought ₹500 capital and how much did he bring ₹10 so take out 6% of ₹500 3000 and 6% of 10,000 300 for 6 months so this comes to 3300 understood Ramakrishna Bhai and if anyone has any doubt then hey Kumar Priyanshu D K Goyal or SBP D son you must be from MP, probably in our Chhattisgarh here we teach from Navbodh book, maximum 90% of the schools teach in schools, that is why we I am using only Navbodh's book.

[01:00:10]Ok? Now the way I am teaching, this is just a concept. If you understand this concept and read any book, you will understand it. Ok? Okay, fine. It's time. We end today's class here. see you. We will meet tomorrow at the same time and we will do further questions. Ok? So see you in the next video.

[01:00:39]Thank you very much for watching the video.