BLOOM PUBLIC SCHOOL Vasant Kunj, New Delhi Lesson Plan Class: XII Subject: Accountancy

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1 BLOOM PUBLIC SCHOOL Vasant Kunj, New Delhi Lesson Plan Class: XII Subject: Accountancy Month: April Chapter 3- Change in Profit sharing ratio among existing partners No of Periods: 7 TTT: 3pds Chapter 3: Change in Profit sharing ratio among existing partners Learning Objectives WT: 4pds Contents Sacrificing ratio, gaining ratio, Accounting for revaluation of assets, Reassessment of liabilities Treatment of reserves and accumulated profits Revaluation account and Balance Sheet. Student will be able to-: Understand the concept of Reconstitution of partnership Explain meaning of Change in profit sharing ratio. Calculate sacrificing & Gaining ratio Accounting treatment of Goodwill Accounting treatment of Reserves and Accumulation of profit or losses Accounting treatment of Revaluation of Assets abd reassessment of liabilities Prepare Balance sheet of reconstituted firm. Resources Text Book (T.S Grewal)Volume 1 Class Work ORAL: Reconstitution of Partnership firm. Change in profit sharing ratio Determination of Sacrificing and gaining ratio Page 3.1 to 3.4 Written : Exercise questions-: 1,2,3,4,6,7,11,13,16,18,20,22,26,31,32 Home Work Exercise questions-: 8,10,25 & 27 Assessment CLASS TEST Period wise plan 1 CLASS WORK Reconstitution of Partnership firm.

2 Change in profit sharing ratio Determination of Sacrificing and gaining ratio Page 3.1 to 3.4 Extra marks module (mind map) notes on above mentioned topics Q No 1,2,3&4 Page CLASS WORK Accounting treatment of goodwill Amount of compensation payable in case of-: Fixed capital Fluctuating capital Treatment of existing capital Page 3.4 to 3.7 Q No-: 5,6&7 Page CLASS WORK Accounting treatment of Reserves and accumulated profits or losses Extra marks module (SLM) Page 3.8 Q No-: 10,13 &16 page CLASS WORK Accounting treatment of Reserves and accumulated profits or losses Page 3.8 Q No-: 18 &20 page CLASS WORK Accounting for Revaluation of assets and reassessment of liabilities page Notes: Format Q 22 &28 PAGE CLASS WORK

3 Accounting for Revaluation of assets and reassessment of liabilities page Notes: Format Q No-: 31& 32 PAGE 3.41 H.W Evaluation Questions -: 2&3 page 3.31&3.32 (DONE IN BOOK) 7 Class test Month: April 2018 Chapter 4- Admission of a partner No of Periods: 21 TTT: 7 pds Chapter 4: Admission of a partner Learning Objectives WT: 14pds Contents-: Admission of a partner Effects of admission of a partner Meaning and calculation of New Profit sharing ratio Meaning and calculation of Sacrificing ratio Accounting treatment of Goodwill as per Accounting Standard -26 Revaluation of Assets and Reassessment of Liabilities : Preparation of Revaluation account Accounting Treatment of Reserves and Accumulated Profit/Losses Adjustment of Capital Student will be able to-: Explain the concept and the ways of reconstitution of a partnership firm. Identify the matters that need adjustments in the books of firm when a new partner is admitted. Determine the new profit sharing ratio and calculate the sacrificing ratio. Define goodwill and enumerate the factors that affect it. Explain the methods of valuation of goodwill. Describe how goodwill will be treated under different situations when a new partner is admitted. Make necessary adjustments for revaluation of assets and reassessment of liabilities. Make necessary adjustments for accumulated profits and Losses. Determine the capital of each partner, if required according

4 to the new profit sharing ratio and make necessary adjustments. Make necessary adjustments on change in the profit sharing ratio among the existing partners. Resources Text Book (T.S Grewal)Volume 1 Extra marks module (Mind map &SLM) Previous years Sample and Question papers Class Work ORAL: Admission of a partner Effects of admission of a partner Meaning and calculation of New Profit sharing ratio Meaning and calculation of Sacrificing ratio Accounting treatment of Goodwill as per Accounting Standard -26 Revaluation of Assets and Reassessment of Liabilities : Preparation of Revaluation account Accounting Treatment of Reserves and Accumulated Profit/Losses Adjustment of Capital Written : Exercise questions Q No 1,3,5,8,,14,21,22,26,29,,32,34,37,41,43,54,64,66,71,72,82,83,84,86,91&92 Board Question Home Work Exercise questions (15,16, 24,3840,45,52,56,62,70,74,81) Evaluation Question- 3&6 Assessment CLASS TEST Period wise plan 1 CLASS WORK Meaning of Key term Admission of a partner Effects of Admission of a partner New profit sharing ratio Page 4.1 to 4.3 Mind map notes on above mentioned topics 2 CLASS WORK New profit sharing ratio

5 Sacrificing ratio Page 4.3 to 4.10(case I TO IV) 3 CLASS WORK Admission and treatment of Goodwill 4 CLASS WORK Accounting treatment of Goodwill( AS-26) Page CLASS WORK Accounting treatment of Goodwill (CASE I,II &III Notes: Journal Entries 6 CLASS WORK Accounting treatment of Goodwill (CASE IV, V &VI) Hidden Goodwill Page 4.23 Notes: Journal entries 7 CLASS WORK Revaluation of Assets and Reassessment of Liabilities : Preparation of Revaluation account Page 4.27 Journal entries Format (revaluation account) 8 CLASS WORK Accounting treatment of Reserves and accumulated profits or losses

6 Page CLASS WORK 10 CLASS WORK 11 CLASS WORK 12 CLASS WORK 13 CLASS WORK 14 CLASS WORK Adjustments of Capital Page 4.53 Case I- On the basis of Incoming partner s capital 15 CLASS WORK On the basis of Incoming partner s capital Page CLASS WORK On the basis of old partner s capital Page 4.107

7 17 CLASS WORK 19 CLASS WORK Evaluation Question 20 Class test 21 Board Questions

Chapter : Introduction. Learning Objectives

Chapter : Introduction. Learning Objectives BLOOM PUBLIC SCHOOL Vasant Kunj, New Delhi Lesson Plan Subject: Economics :( Statistics for Economics) Class: XI Month: April Chapter 1: Introduction No of Periods: 6 TTT: 3pds WT:3pds Chapter : Introduction