KFC ASSISTANT EXAM SPECIAL ||KERALA PSC || JOIN OUR BATCHES 📞8075234004

Brief Summary

This video provides a detailed walkthrough of potential questions for the Kerala Financial Corporation (KFC) Assistant exam, focusing on management theories and partnership accounting. It emphasizes the importance of understanding concepts for statement-oriented questions and covers key topics like contingency theory, systems theory, bureaucratic theory, scientific management, and partnership fundamentals. The session includes problem-solving, concept explanations, and tips for effective preparation.

  • Focus on understanding concepts for statement-oriented questions.
  • Key areas include management theories and partnership accounting.
  • Practice problem-solving and understand the logic behind each answer.

Introduction

The video introduces a new series from Masterkey Academy aimed at assisting students preparing for the Kerala Financial Corporation (KFC) Assistant exam. It highlights the importance of focused study and emphasizes that the exam syllabus is concise and manageable. The session aims to familiarize students with potential questions, especially those that are statement-oriented, reflecting the evolving pattern of PSC exams.

Contingency Theory in Management

The discussion begins with contingency theory, which posits that management actions should be based on the situation. This theory suggests that there is no one-size-fits-all approach to management; instead, managers must adapt their behavior to suit the specific circumstances. The video contrasts this with universal management principles, emphasizing that contingency theory is situation-based.

Systems Theory and Organizational Dynamics

The video transitions to systems theory, which views an organization as a whole system with interconnected departments. According to this theory, any inefficiency or problem in one department can affect the entire system. The discussion emphasizes that systems theory considers the dynamic interplay between different parts of an organization.

Quantitative Theory and Mathematical Methods

The session addresses quantitative theory, which involves using mathematical models and equations to solve business problems. This approach, also known as operations research (OR) theory, focuses on finding specific solutions to organizational issues through mathematical manipulation. The video highlights the use of scientific and mathematical techniques to improve decision-making in organizations.

Henry Fayol's Principles of Management

The video explores Henry Fayol's principles of management, particularly the concept of "commanding." Commanding involves motivating employees and providing clear instructions to achieve organizational goals. The discussion clarifies that commanding includes giving orders with clear instructions to help employees understand their tasks properly.

Max Weber's Bureaucratic Theory

Max Weber's bureaucratic theory is examined, focusing on the ideal bureaucratic system characterized by a strict hierarchy, qualification-based selection of employees, and adherence to rules and regulations. The video emphasizes that flexible decision-making based on individual situations is not a part of Weber's bureaucratic principles, as his theory promotes rigid, structured processes.

Elton Mayo and the Hawthorne Experiments

The Hawthorne experiments by Elton Mayo are discussed, highlighting how changes in the working environment affect workers' productivity. The key finding was that workers' productivity increases when they feel valued and believe they are contributing to the organization. The video emphasizes that this sense of value and recognition, rather than just changes in physical conditions, motivates workers.

Assertion and Reason: Taylor's Scientific Management Theory

An assertion-reason question is presented regarding Taylor's scientific management theory. The assertion states that workers should be scientifically selected and trained, which is correct. However, the reason that workers' judgment and discretion are not important is false. The video clarifies that while Taylor's theory emphasizes scientific methods, it does not disregard workers' judgment entirely.

Fayol's Administrative Theory and Behavioral Science Theory

The discussion covers Fayol's administrative theory, emphasizing planning as a crucial management function. It also addresses behavioral science theory, which integrates psychology, sociology, and anthropology to improve management practices. The video notes that behavioral theorists focus on human behavior in the workplace, contrary to a statement suggesting they prioritize technical efficiency over human relations.

Matching Management Theorists with Corresponding Theories

The video presents a matching exercise, pairing management theorists with their respective theories: Frederick Taylor with Scientific Management Theory, Henri Fayol with Administrative Management Theory, Max Weber with Bureaucratic Theory, and Elton Mayo with Human Relations Theory. This section reinforces the importance of knowing the key contributors to different management theories.

Partnership Accounting: Key Features and Concepts

The session transitions to partnership accounting, covering essential features such as the maximum number of partners in banking, registration requirements, mutual agency, and the nature of partnership agreements. The video clarifies that registration is not mandatory, mutual agency is a core function, and partnership agreements can be oral or written.

True or False Statements in Partnership Accounting

The video presents a series of true or false statements related to partnership accounting. It clarifies that fixed capital accounts are not always prepared in the fixed capital method, registration of partnership deeds is not mandatory, interest on capital is paid only if specified in the written agreement, and partners' salaries are charged to the profit and loss appropriation account, not the profit and loss account.

Rules Applicable in the Absence of a Partnership Deed

The rules applicable in the absence of a partnership deed are explained, including equal profit and loss sharing, no interest on capital or drawings, no salary or commission for partners, and a 6% interest rate on partners' loans. These rules serve as default guidelines when a formal partnership agreement is lacking.

Profit and Loss Appropriation Account

The profit and loss appropriation account is defined as an extension of the profit and loss account, used to record adjustments related to partnership, such as interest on drawings, partners' salaries, and commissions. The video clarifies that interest on loans from partners is charged to the profit and loss account, not the profit and loss appropriation account.

Cause and Effect: Unequal Profit Distribution

The video discusses the cause and effect of unequal profit distribution in a partnership, leading to dissatisfaction among partners and the need for rectification through past adjustments. This section highlights the importance of adhering to the partnership deed to avoid disputes and ensure fair distribution.

Problem Solving: Profit Sharing and Partnership Deeds

A problem is presented involving partners with different capital contributions and a silent partnership deed. The video explains that in the absence of a partnership deed, no interest on capital or salary is provided, and profits are shared equally. It also clarifies that under the fixed capital method, all adjustments are shown in the current account.

Interest on Drawings and Fixed Capital Method

The calculation of interest on drawings is demonstrated, considering the timing of withdrawals (beginning of the month) and the interest rate. The video also reiterates that under the fixed capital method, drawings are recorded in the current account.

Assertion and Reason: Interest on Drawings

An assertion-reason question addresses interest on drawings, stating that it is a gain for the firm. The reason given is that it is credited to the profit and loss appropriation account. The video confirms that both the assertion and reason are correct, reinforcing the understanding of how interest on drawings affects the firm's financial statements.

Profit and Loss Appropriation Account: Adjustments and Distribution

The video explains that the profit and loss appropriation account shows the distribution of net profit to partners after charging items like interest, salary, and commission. This account provides a clear picture of how profits are allocated among the partners.

Admission of a New Partner and Goodwill

The admission of a new partner and the treatment of goodwill are discussed. The video emphasizes that if the new partner brings goodwill in cash, it is distributed to the old partners in their sacrificing ratio. If the new partner does not bring goodwill, the existing goodwill is distributed in the old ratio.

Retirement of a Partner and Goodwill Distribution

The video addresses the retirement of a partner and the distribution of goodwill. It clarifies that the retiring partner's share of goodwill is distributed to the remaining partners in their gaining ratio.

Calculating the Gaining Ratio

The equation for calculating the gaining ratio is provided: New Ratio minus Old Ratio. This formula is essential for determining how the remaining partners benefit from the retiring partner's departure.

Goodwill in Books and Balance Sheet

The video discusses the treatment of goodwill already recorded in the books. It clarifies that if goodwill appears on the asset side of the balance sheet, it must be written off among the partners.

Journal Entry for Goodwill on Retirement

The correct journal entry for goodwill when a partner retires is explained. The remaining partners' capital accounts are debited in their gaining ratio, and the retiring partner's capital account is credited.

Conclusion and Suggestions

The video concludes by summarizing the management and partnership questions discussed. It encourages viewers to provide suggestions for future topics and highlights the new KFC batch being run by Masterkey. The importance of strategic and precise study for achieving success in the KFC Assistant exam is emphasized.

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Transcript

Full transcript of “KFC ASSISTANT EXAM SPECIAL ||KERALA PSC || JOIN OUR BATCHES 📞8075234004”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 [Music] Hi hello welcome to Masterkey A new version of the Academy Master Academy Welcome everyone to the video. Our Kerala Financial Corporation The exam is here. Yours is getting closer, isn't it? Exactly how far along is the preparation? You should study well and focus. After studying, what is in front of us Kerala is a great opportunity. Assistant to the Financial Corporation The exam is just like the syllabus. As you can see, it's a short syllabus. We covered it easily. It's very possible to go. Standard questions To work out and study Everyone should try because The pattern of PSC has now changed. Assertion Reason is becoming Like mass following Statement-oriented Many questions have arisen now.

0:47 We have a coming. More than a direct question What is statement-oriented? You have answered all the questions. What should I do to learn? You should try such questions. To practice and learn. We should try, then we can direct this What to do when questions arise? Is that possible? To be picked up Okay. Therefore, the statement Oriented necessity Standard questions What should I do? After working out I have to study. So today I am yours. Our Kerala has come to the forefront. To ask the financial corporation A few more possible questions Just to introduce you. So it's very standard here. Very systematically What has come means what is yet to come. There are many more that are possible. We prepare questions. Done. So what are you? Complete the questions. See. So watch the whole video. So, as we are saying, What do you say when you ask questions? Try to mark something.

1:33 You can find the answer to this. It's a matter of whether it's possible. Trying to move forward Everyone, try it, okay? Let's start, it's set. Okay, so if that's the case, then the first Look at the question and ask your children first. What did the question say? Just read the first question. What does the Witch of the The following best describes the What is Contingency Theory in Management? Having said that, contingency theory We know this theory is very simple. According to contingency theory This is called a situation theory. It is said that every manager Managers must behave. There is an action that needs to be taken. It should be based on the situation. Which theory says which? If contingency theory is so

2:19 Which option will come up as the answer? What is the first thing you say? Msizeda Universal Application of Are they management principles? Management Principles Universal Is it something that says you should apply? Not the contingency theory, look at the next one. Management ActionDepending That is the situation, that is, the situation base. By doing the situation, base What should management do? To do, to take action. That's what is called management. Actions depend on the situation. It should be based on the situation. Management has to take action. Which theory says which? Contingency theory tells us that management Evolution of the area when studying The area called management You're studying inside, aren't you?

3:05 What is clearly stated? What is Scientific Management Theory? Contingency Theory What is bureaucratic? We have to learn all this theory. Because statement oriented When the question comes up, all this There can be many things in one question. Having come as statements What are the statements? You're asking if it's right, right? Strict rules Strict procedure The existing hierarchies are as follows: In the management that says you have to follow The theory that says you should follow What was the bureaucratic theory? Father of bureaucratic theory Who was Max Webber Correct? You should learn it and connect it. Connect and learn by connecting. Isn't he the father of human relations theory? Who is Human Relations Theory Who is Myoton The most famous one made by Mayo Which experiment is Hortonistic?

3:50 Study or Hortonist study? What is he five? Conducted through experiments It is one. So that's all we have. It has been said. So that's it. What are the areas? Very core It is an area. Very important It is an area. Theoretical Ask a lot of questions. It is a potential area. So that's it. Shouldn't we give importance to studying? So this question is clear, right? After seeing the contingency theory You have to remember what the base is. The situation base is done. By doing. action dep on the sation at contion That means every situation is the same. Same style of management It doesn't matter, it's the same style. Not management in any way

4:35 What is meant by being suitable? What is the theory? Contingency. What is theory? What is the best chorus of action? It depends on the specific situation. Which action is suitable for a situation? What is a corresponding Taking action and making management decisions It is a theory that says we should move forward. Which contingency theory should I remember? Understand the children properly The next question is Vechonam. According to the system theory, The next theory came, according to the Systems Theory and Organization are Considered What is meant by systems theory? What is systems theory? Having said that, the organization Viewed as a whole system What is different? Each of the departments Divided into parts, each part What can this be related to?

5:21 Related to the system Will stand, that is, any one Any party in the system There is some kind of problem. Then it is completely complete. It says it will affect the system. The theory says which system Theory means different management. As sub-groups that have been Rotating or different Departments that have been Is there any one Efficiency for the department If it is decreasing, it is the entire Regarding the organization that has been Which is the concept that says Coming up is the system theory coming up. If so, can you answer this? Look, what are you saying? According to Systems Theory Organization What is the concept of group work? Indipen is a group of people. Does it mean it will work or not? Mechanical Structure Following Rule

6:07 A mechanical one through strict rules Does it mean that you have to follow the structure? Dynamic set of interrelated Part That Function Together Interrelated parts What is the function of together? Isn't that what functions? This is supposed to be interlaced, right? The system of the organization i.e. the system How would it be if you said Different department There will be everyone among us. What is interrelated? So what is the answer here? Option C is D. Let's take a look at Group Of managers follow the empirical Is it a method or not? The answer here is D. Then comes the system theory. It's clear what systems theory is. It's clear what it is, it's very simple. You remember the system. Theories of the Organization as a System What is a system within systems theory? Organizational view according to theory How does a system work?

6:53 The word is in the form of Department Audit Department or Subsystems are interconnected, that is, these Different from the organization What are the departments? What are they like in a system? The interconnect is done and the end result is Oh success of one part, that is, this one Of any department Failure or success? What is being said affecting what is being said? Affects the entire party. The concept of doing it What is coming, what is coming, children? Coming to our system theory Understand it correctly. Look at the next question, children. What is the theory? Yes of Mathematical Methods Solve Business Problems Business Problems

7:38 Mathematical calculations to solve Mathematical That is, mathematically Models are mathematical. We use problems and all that. What do we do using equations? Doing something specific Solution to the Organization Problem If found, what type is it? What type of theory is management? The theory of management is that The system asks if Is it theory or operational theory? Operational theory is not for us. This operational theory within the question Operational research theory on the part of Think of it as asking "OR" If it had been theory or theory It was correct, not operational theory. What is quantitative? What is quantitative theory?

8:24 What kind of person are we talking about? Mathematical models etc. What do we find by using We have a problem, not a Solution to management issues Mathematical manipulation to find out Mathematical models that have been Using existing equations In which theory is quantitative theory? This is also called OR theory. You always say, "Operation"? Remember, it is also called research theory. Please look here. Quantitative theory is If we say quantitative theory Quantitative Theory is Olson's as Using Operations Research Theory Effectively The Scientific and Mathematical Techniques such as data analysis model Aniruddhadecision Maki in Organization Organization Decision Just to make it better. Mathematical models

9:10 Or mathematically What are the uses of techniques? What is used in management? What type of theory is it? What is operations research theory or Our quantitative theory children It's clear. I understand, a question. After seeing that question, To understand the area completely Okay, let's try it, it's clear. Okay, let's move on to the next question. The next question is Witch of the Following best express commanding fashion of Management according to the Henry file. What are Henry Fayol's Principles? That one who says commanding according to How to explain the function? What is done? Asked. What What can I say? Ensuring the Organization Has an addicting resource like Is it Staff and Capital?

9:57 Or motivating motivating and Providing clear instructions to Motivate Employees to Achieve the Goal They have been cleared to do so. Give instructions and what to do with them The organization's goal is to achieve Is this commanding something to do? What is meant by Autosetting Performance Standard Two The success of the Ivaluda Organization To determine a Are you setting the standard or What is the condition of harmonic activity? The Employees Employee All Activities Properly coordinated Is it taking or commanding? What are you saying, children? The answer is very simple. What will be the answer? We know that coordination is commanding. What is motivating, then? Providing the clarification to employees Achieve Dagolda Commanding Evolve Giving

10:44 Commanding must remember orders. Involving orders and clear Orders with cleared instructions Paid and cleared Giving instructions and so on Help Employees to Understand Their What is the task they perform? Everything that needs to be done I understood properly. This is what you do by giving. What is done through the commanding function is next Question No. According to Max Weber We know bureaucratic theory. Father of bureaucratic theory Who was the person known as Max Weber says What follows is what is said. The Ideal of Creation The bureaucratic system, that is, he It has been said that bureaucratic theory According to who is our Max Weber? Important Principles It has been said that a good bureaucrat If you want to develop the system, then What did he say here?

11:30 A strict hierarchy There needs to be one for everything. A strict hierarchy is needed. Communication channels in the proper way It should be the same for employees. All they have to do is select. Should be based on qualifications Based on their qualifications Employees must have been selected. What to do and what to promote He has said so. What is strict about it? Rules and regulations must be followed. It has been said that what is the same? What has he said? The division of work is very clear. How are people doing after being cleared? What to do? Everything is correct. It has been said. If so What would not be included in this? Note A is a principle. You may ask. Note A Principle. Just look at it first and see if it's clear. Division of Labor. That is, what are the workers? The thing to do is to do something. Who says it should be clear and defined? Have you said it? Max Weber

12:15 It has been said. Next is the selection of Employees based on qualification. He said so. He said so. That's the best thing. What is it saying? Select those people. Doing so is based on their qualifications. Who said it should have been done? In Max Weber's Principles It has been said and what is consistent? Rules and regulations are consistent. There should be rules and regulations. You have to be consistent, that is. That you have to be strict. He had it right. Flexible decision making based on Individual situation Individual What are the decisions according to the situation? Should be flexivated, not flexible. His decision is rigid. Very rigid after saying that It will be in the correct and proper way. He wanted to take it. That's why I said this. What is wrong with the option? The answer is D, which means flexible. Decision Making Based on the Individual Remember the situation Max Webber Promote bureaucratic theory

13:02 Strict hierarchical structure A strict hierarchy The structure is one that follows What does Max Weber say? What is called bureaucratic theory? Define the rules that have been cleared there. Regulations will be defined. The Division of Labor would have done the same. What work should they do? The matter will be defined. Consistency reliability Consistency is what they are most concerned about. What is flexibility not looking for? No, I must have remembered and understood. Should I study? The next question is Nokevich of the Followings Conclusion or Hortonistic Experiment and Tests by Elon Mayo We know what Elton Mayo is like. What is a horticultural plant? What did you do and did an experiment? How is the productivity of workers? The thing about being able to increase

13:48 He did it about What is his working environment? Everything has been changed in various ways, the lighting has been changed. Look at the working conditions there. How do you see it differently? Workers' productivity increases He looked at what he was doing and said, An experiment that lasted years This was a choronastic study. This is what is called an experiment. All such studies were conducted Finally, he said, "What is this?" As a finding of the study He saw working environments Workers get nothing for the change What is theirs? What is theirs? They don't have a productivity boost. Feel like you are providing value. That is, in that one firm or that one In the institution or for them They have their own institution. Is or is a firm of theirs? What is a company and them? Doing, considering. They are generating value.

14:33 What will they do when they see that? What will they do to be motivated? It is possible to generate Productivity Increase It's okay to do it. One of his was Look at what they say, "Findings." If so, what would be inside this? What is coming? Wages always increase. When wages increase with higher productivity That's higher productivity. Will he make it? What is productivity, not findings? I remember the feeling of this experience. Productivity Improves Workers Field Arba Obasawa Andavaluda Observe them They are doing it and they have value. When they feel like it... When they feel like it, their Increasing productivity What was the outcome? Elton John Mayo says Hortonastic The outcome of the experiment is You should make your children understand what you are saying. Is it the questioner who is asking?

15:19 Who is likely to ask? Orthonistic study etc. What you do is important. I should have studied. Look here what ProductivityErvaphony exp.paramashvarka Performance improvements The organization that organizes them What are you doing, Valayu? They are being raccooned. When you feel like you're doing it What motivates them? They also become more productive. The thing about increasing You remember exactly. Try to understand and learn. The next question is an assertion reason. The type of question is Italian Scientific. Taylor's Scientific Management Theory Management Theory Worksheet

16:07 Scientifically selected and tested Scientifically Select an Train What is scientifically wrong with workers? Selecting and training What does Taylor mean by "... Is scientific management theory correct? This is Taylor Msize for Reason. Workers' Judgment Day Msize Workers' Judgment and Discretion Bar Is the up work method correct? Isn't it task oriented? Scientific methods Scientific rules Or synergized It means you have to follow the structure. What is said is here. Will you look at the judgment of the workers or not? So the reason is false, the assertion is true. True Reason Falls According to Talarwakubashifika

16:53 Selak Ant Butler ect the Idea Oral on Workers' Judgment Remembered Workers' Judgment Nothing is important there. What is scientifically selected there? Doing scientific training What is scientific in? What's next in management? Nocke-Fayol Administrative Theory MsizeDani The most important fashion of Management should be reminded of the association. What is the association? Fayol gives administrative Thierry Fayol's Henri Fayol's According to administrative theory Emphasize Dapani Asdamost Epo Fashion Of Planning is not management. What is most important is to say It is said that it is a fashion that has become What you're saying is true, Fayan's theory. That's right. According to what is said, according to what is said. File planning is the easiest of all.

17:41 Managerial function All other managerial Much more simplistic than functional. Whether it is planned or not What is the hardest thing to say? Who says it is a function that has been What Fayol said was what he said. Therefore, the assertion is false. What is true? Assertion is true. Reason is true. Assertion is false, reason is true, and so on. planning a crisis management but Alsociety When looking at functions other than SIMS A function that is a bit harder That's what it says. Understanding what planning means You should learn, listen, and then watch the next one. Two statements were given. Behavioral Theory Behavioral Science Theory

18:26 Incorporated from the psychology Psychology Sociology and Anthropology to Improve the We know management practices. What is behavioral science theory? Many parts of other disciplines We are taking it. What was studied was What is psychology all about? Sociology and anthropology, etc. Management by taking parts Improvement Management Performance A way to say you need to improvise That's behavioral science. That's why it's in theory. The statement is true. Next Nokia Behavioral Theorist Focusing Slow on technical efficiency and on the Human Relationship Note on the Human Relationship On the human relationship with man Don't focus on the relationship. Statement one is correct. The statement is false, isn't it?

19:12 Statement One True and The statement is false. I remember the statement fall calls. Put behavioral science theory Integrate the variance discipline Many disciplines, including psychology Let it be sociology. Let it be anthropology. Improve management performance This kind of menu to do What is adopted from discipline? Things are being done Behavioral science theory says That's right, EcoFocus. On Human Behavior in the Workplace Humanity in the Workplace What does this do to behavior? Considering then considering It said there that it doesn't work. The statement said there was a technical Consider the efficiency that has been Will do. Not human. Behavior is considered. That's why that second statement What went wrong. Children should be taught this. Listen. Statement oriented The essential standard Questions you may have Hopefully. The PSC pattern etc.

19:58 Changed. Who is the father of Human Relations Theory? All the questions have changed. What do you see here? Match the Match the management theorist with The Corresponding Theory. Correspondence theory To match them up What has been said. What is ours? What did Frederick Taylor give? F W. Taylor has given it. Hennessy Fayol Given, Max Webber It has been given, Elton Mayo has given. Who is Elton Mayo? Elton Mayo Human Relations Isn't that the theory? Elton Mayo Human Relations Theory. Okay, right? Now let's What can we go to? F W Taylor F Which one was W. Taylor's? Scientific Management theory by Henri Fayol Which was Henri Fayol's? Administrative Management Theory Max Webber What is bureaucratic? Theory. What will be the option? Which option is better for children? Option A Coming as an answer. What is FW? Taylor Eisenhower as the Father of Science

20:46 Management Theory Henry File Is Non Father of Administrative Management Theory Max Weber Father of bureaucratic theory Max Weber Elton is known as Human relations that say Mayo Known as the father of theory It's an easy mass following. But what is this correct? Only people who know can do this. To answer a question. Just right Look at the next question, consider. Eight Features of the Partnership Check out the features of the partnership. Accounting is for us to learn. It says partnership inside. There is an area called CardFollowing. State of the Department of What is the number for partnership? Of Partners in Banking, Canoe Exeda Is that what you're saying?

21:31 Consider the number of partners. Partners in Banking Fuso Canoe Exida Next Registration: Partnership Firm Eastman under the Partnership Act Under the Partnership Act 1932 What is Registration of Partnership? Is mandatory mandatory? Look at what's next. What is a mutual agency? Mutual agency Isn't that the core function of partnership? Isn't that the time? A core of partnership The function itself is mutual agency. Look at what's next. Partnership is always created. The two Britain Agreement Partnership is Always Always Credited to Britain What are these, agreement children? It is a standard question. To come from partnership

22:17 What is the potential need? A standard questionnaire Is about partnership in good depth This is for someone with knowledge. Which of these can be fixed? The statement is correct. It is asked what has happened. Which ones did you match? Just match it up quickly Which of the following is correct? Did you match what is coming up? Did you match the children correctly? Which answer comes first? Option A is one, one is three. Correct is Asper the Loya. Maximum Maximum Partners in Banking Business Not all members are as per the law. What is the banking business according to What is the number of partners? The second statement is false. That means registration is not mandatory. Registration of Partnership is Mandatory No, it's not mandatory. Statement three is correct.

23:03 That is, mutual agency mutual agency It is a core function that says Which partnership? Statement four is false. Partnership Maybe Oral Or Britain It doesn't always have to be British. Okay, that's clear, that's right. Picked this for people in the know. The only question that can be asked is the next one. Look, look at the next question. Identify the following statement as true. The following are the or false Is the statement true or false? True Or is it false? Capital Account R Always Prepaid Fixed Capital Method Capital Account Always What are we for? Fixed capital Always be prepared in the method. It is something that is done. What is being said is next. Partnership Deedmar Bikalsali Registered with the Register What are we doing?

23:49 It is mandatory to register. Must be registered in advance. Second statement What is said is, look at the next one. On Capital Invest On Capital Ease Loud Father is Britain's Agreement Within the British Agreement, that is In the British agreement we specify Only if you have done it and said it. Only allow instant capital. And Partners is what they say. Salary is charged to profit and loss. We are the salary of account partners. Charging Profit and Loss It says it's in the account. Tell your children, this is the partner's salary. Sorry in the case of partnership Partners is the case of partners. Salary is the salary of the employee. You should consider partners. Salary is charged to profit and loss. What are the true accounts of the children? What are the options for looking at the false positives? Look, you made a mark. Marked, marked answer one.

24:36 Look what you can do. Let's see if it works. Is it possible? Very simple question. You know, you have to learn about partnerships, right? When you see partnership What is partnership? Learn what the features are and then Don't stop saying partnership. It is a module for our degree. A module called Partnership There are four within a module. Chapters are coming. Regarding the partnership While we are studying for a degree A module called Partnership It is an introduction to partnership. Yes, it is theoretical within that. There are some things coming up. After that there is the Admission of Partner. There is a retirement partner, death and There is a dissolution of a partnership. So a four-chapter book What is the module? That's what partnership is all about. That is something that is so important. We need to learn everything. Assistant at Kerala Financial Corporation

25:21 So fixed capital for the exam Method and Fluctuating Capital Capital account in the method To do and revaluation account Prepare the realization account and everything. And everything that may come into it What should we do with things? You have to understand the debit side of it. What credit may come? What are the possible side effects? That's why the question arises. What should you do with that T format? A format for an account Take it and put it on its debit side. Which ones are on the credit side? Or Goodwill's treatment How does the Super Profit Method work? Calculating Goodwill How are things like this? What should I do to try to learn? What is all this to us? With partnership The syllabus is related to What is a partnership account? We do all this while lying down. You realized that you had to study. Vechona Look at the next question and answer it. What does it mean? The answer is B.

26:07 Look at the capital coming up. Account Mabi Prepada Capital Account Manager The method is the first What's in the statement? What is being said here is what is being said here. Knock Capital Account R Always Prepaid Capital Method Always Under Capital Meda Feed Capital Medi Than Capital I have an account and a current account. That's why I said you're not coming. Capital Account Maby Preparer Method two is wrong. Look at the second statement. Always there because of the I made a mistake, look at the next one. The second statement is false. Second statement Look what was said. What is a Second Partnership Deed? Must be compulsorily registered with the Register near the registrar. It is said that it should have been done. Remember that registration is not compulsory. Put it, that's also wrong, the third one.

26:53 Statement of Investment on Capital Is it ad faga, i.e. within the partnership deed? That return agreement has been What if only it were said? Only interest on capital is paid. It's just right. What is the next last statement? The last statement is also wrong. That's right. It is charged to Profit and Loss Appropriation It is an account. A partner's salary What do we mean by that? Doing it as an adjustment Where is it? Profit and Loss Profit and loss are in appropriation. You have to remember, not in the account. Now watch the next one, In the Absence. Of an agreement i.e. partnership Partnership in the absence of a deed What are partners in the absence of a deed? Who is entitled to what here? I am here for a what is our what There was a SAY exam at the Plus Two level. A question asked in the Plus Two exam This question is in Plus Two.

27:38 What is there to say about our things? What is a partnership account? There was a question asked in the exam. When I saw it, it was a good question. You took it because you felt like it. Look which one is in the absence of Partnership Agreement Partners in Absence Are Ending What will be the salary for partners? Can I get a partnership deed in the absence of a deed? Will I get a salary? Profit to Capital Ratio Profit Is there a divide in the capital ratio? It's not doing it, it's not equaling it. On Partners Loan 6% That's right Will I get a commission or not? If you can't find it, then the absence of rules Accusable in the Absence of Partnership Deed, children, please study and write it now. Vechonam Rules are Accomplished in the Absence of Partnership Deed Partnership Partnership deed in the absence of deed What is the rule when it comes to silence? Very It's simple. Profit and Loss Share

28:23 How would it be? Equally Will be. Profit and Loss Share How would it be? Equally Will be. Interest on Capital How will it be? It will be there. There will be no interest on capital. There will be no interest in drawings. There will be no salary commission. The interest on the loan will be 6%. How much will the instant loan be? 6 Will be. Do you understand, children? Rules Applicable in the absence of Partnership Deed Rules Applicable In the absence of partnership deed You should write your children down right now. Write down what rules apply. In the absence of partnership deed Is there interest on capital or not? Interest on capital No interest No partner salary on drawings Partners Commission Interest on Loan Six Percent Profit Sharing Is the ratio equal to OK? Is it clear?

29:09 Okay, isn't it clear? You understand, next. Let's go to the next question. The question is, what is the closest thing to a child? Question we said here here Answer Interest on loan at 6% next Look at the question. Next question. What is the meaning of the following arcade in Deepfit and Loss Appropriation What is this profit, children? And Loss Appropriation Account So to speak, profit and loss Appropriation account this and that extension Off Profit and Loss Account A profit and loss account What is the extension? Profit and Loss Appropriation An account means something What are the adjustments we are making? This is Profit and Loss writing. Writing an appropriation account That is, what is ours? What kind of us are these? With partnership Related adjustments What we are mentioning here Profit and Loss Appropriation Account means for us

29:55 Net profit received How far from saying that Partners get what partners get How much is distributed? The thing that can be done What is being done to find out? Profit and Loss Appropriation What you do through the account is this What's in the questionnaire? Asked by Witch of the Following What are the things that R recorded? Profit and Loss Appropriation Recording in the account Interest on Drawings Record Will you take out an interest-free online loan from Will partners come in and borrow from you? Think about it, partners. Will interest on loans come from partners? The thing is, the salary will come to the partner. The Partners Commission will also come. Interest on Loan from Partners Where are you coming from, where are you children? Where does it come from? What is the answer? Which option is option one three four What is an Intrust Online Loan? Where does it say "is charged to"?

30:42 Profit and Loss Account Children Remember the interest on the loan. Where is the partner interest on the loan? Charging Profit and Loss Not profit and loss account Loss Appropriation Account Others R The Appropriation of Profit This Should I remember or should I listen and remember? Partner's Salary Partner's Commission Interest on drawings like this Things don't always go according to the drawings. Interest in drawings will come later. What are all these things? Profit and Loss is coming. What comes into the appropriation account? Okay, install on Drawings. On Capital is the same. Partners' property Partners' property Salary commission and all that stuff. Okay, okay? Just look at the next question. Cause is a cause and effect question. It's just right for you.

31:29 Distribubookfit Disribook Party What is the capital contribution part? It was a capital contribution but How is profit distributed? Done unequally and effect What is Partner A for you? Unhappy and demanding Rectification through Dapast So what are adjustments? Who is involved in this? Unhappy is our partner A Unhappy That's why he is what? Two rectifications have been done. Past Adjustment Past Rectification through adjustment We know that we can achieve it. What is it about them that somehow One piece distributed Some kind of satisfaction If not, they have a past. It's okay to go to the adjustment.

32:14 So look who is following? Karak butideicoda What is the answer here, Artda? Badacsony Addy Atfidibudero Is the profit distributed? What is our deed if we do? According to Asper Deed, not according to Then profit is not according to the deed. If distributing there What can partners do? Yes, you can go for rectification. Based on past adjustments The past is very simple. An area called Adjustments Where are we? What are we? Within this partnership of ours,

33:00 What should we do about the area? The next thing to learn is Just look at the question and ask your children to do the next one. The question is very simple. Question is you, this is question. Don't be afraid when you see it and don't do anything. It's a very simple question, read it. You can only look and understand. Look at XYZR Partners. What are X, Y, and Z partners? What is the capital of a firm and its What is their capital? How much is the lack of funds? One lac respectively they are not Prepare the Partnership Deed then Here the partnership deed is silent. There is no partnership deed, so what? What is said? Demand 10s Inst on Capital How much is the demand for X? 10% interest on capital and 5000 What is the monthly salary like 5000? Monthly salary is 5000 monthly salary.

33:46 Who has X? Andayisda Of Sharing Dofit in the Capital Profit is in the ratio Capital ratio It means taking. How much profit does Profit Farm make? I got 12000 and got profit. Ask here what is correct. Profit sharing treatment there Correct profit sharing The only one who asked what treatment was If you know a condition, answer this. There is only one condition that can be done. If you know, you can answer this. These made a big statement. They are trying to mislead us. Here is the name of the island. Salary to each other mining Profit is okay, what's the first thing? Give him what interests him. After paying the salary and everything What to do with profit? It means to distribute. The first thing to say is the second. Just saying Fit

34:32 Quanti What happens after giving birth? Do it fit Quisherfit Isharefit In Capital Ratios Byvivest Divide by the capital ratio as done. Do and Share Dofit Erasho 2.5 After deducting the salary, salary is deducted. Give it after you do it. We know what kind of children they will be. The absence of a partnership deed is If the partnership deed is silent So how should we give? How should I give what I was told, children? Isn't that what we said? Adjustment of X The remaining amount after giving We should make profit, we should equal it. Give it to Bikos Partnership Deed is silent in the absence of No Interest on Partnership Deed Capital No Salary and Profit

35:18 Adjustment of Shared Equal X What is that salary of X? Salary or similar adjustment Is there a salary that needs to be paid? What is a Partnership Deed? I'm silent, so I don't have to pay a salary. No need to install. Install on. What is Capital Interest? Is it necessary to provide drawings or not? There's no need to give it all. Let's have dinner, let's have dinner, because What is it, there is no need to give anything? Bikos Partnership Deed is Silent Don't take this when it's silent. No need, okay? Next, look at the under-fixed capital. Method Under Fixed Capital Method All the adjustments are shown in In the fixed capital method, all Adjustments and where we are Writing using the fixed capital method There are two accounts, Capital. I have an account and a current account. Capital balance is what we call capital. All the rest is written in the account

36:03 Adjustments are also in the current account. Writing is on the current account. It's okay to write, that's all very Adjustments are simple, like Drawings are recorded in the . Current account under fixed Capital Method Look at the next question, partner. Withdraw is a partner withdraw How much has been done? 1000 A The Beginning of Every Man All What happens at the beginning of the month? Withdrawal is done. The uncalculated has been done. Instant drawing set 10s per animal That means he is 10% per annum. It is taken at the beginning, and all the video is taken. He withdrew at the beginning of the month. He has done so, he has paid Rs. 1000 each. How much is it when you withdraw for 12 months? Isn't it Rs. 12000?

36:49 Isn't it rupees? 1000 rupees each for 12 months? What should I find out next? You have to find out, right? That means interest. What to do to find out 10 This video was filmed at the beginning. How much is the condition for withdrawal at the beginning? If you do, 6pofa will be in the middle. If it's in the end, then 5 is the same, right? How long does it take for your period to come here? 6pofiva bye After doing 12, we can answer. Don't you understand, children? Look how Sorry, 12 is 10, that's why I gave 10. 6po5y This is 6 times 5 times 12. This 100 here is this. Below is 12 here 6.5 Bye 12, how did you remember that? Coming means beginning everything. If it is at the beginning of the month, 6p.

37:36 In the middle of every month If six of every month If in the end If in the end 5.f Constant Keddo in this case? He withdraws Rs. 1000 each. You have to understand what you are doing. The withdrawal is only Rs. 1,000 each. How much does it cost to make a thousand a year? It will be 12000 rupees then what should we do? What is the rate for 12000 int? What is the interest rate? Isn't it 10%? 10 by 100 in our constant He is in the beginning, which is all. Withdrawal is at the beginning of the month. Doing. So constant. How long is the period? 6.5 divided by 12. Then we will get the answer, understand? I understood my children clearly. Wait, this is the next question. Just look at the question and you'll be interested. Drawings are a must for a firm.

38:22 As for interest on Drawings are Gain. What is said and then reason? Ida2Partners said Current Our Capital Account and Credit To Profit and Loss Appropriation We know the account is charged. Partners Karafi Capital Method The Fuk Capital method is used. It says it is charged. Partners Current Or Capital Account and and credit to Profit and Loss Account Children What is the answer to the simple question? We need to fix this. If you have knowledge, please share our partnership. If you know about it, please answer this. Can you do it correctly? Oh, Assen. The next quest is not complete.

39:07 Los is app What will be the show of Parts Dash Shows? Doing profit or loss Inappropriate The Partners are very aware of It's a simple question, what will be the answer? What comes is profit and loss appropriation. Account adjustments Showing that Ishozda Distribution of Net Profit Partners After Charging Institute Salary Commission, salary, commission, etc. Profit after adjustments such as Distribution to partners How much profit is there to make? What is the show about? Profit and Loss Approx. The next question is through the account. Look at the children, A and B. Partners Sharing Profit and Loss It's 3am. A and B are partners. What is the 3rd party? Profit distribution

39:52 Doing Admitsufovabafa ShareWaba Who has been admitted to the share? Admitted to Goodwill of Dafa This is the goodwill of Goodwill. How much is 400? Ansa To bring the goodwill in cash cash Goodwill has not been brought in yet, Able. I remembered that it was "To Bring" here. Vekuno Goodwill Exist Books No goodwill exists in the books. I don't do it, the window is closed. Remember here what they are. Their AB Sharing Profit and Loss The profit sharing ratio was Whenever a new person is admitted He has some kind of bifi. Then give it to the other 3 people. The only one who has been admitted is the relative. Check if it is a ratio or a relative ratio.

40:39 If not relative ratio, then what? What should we do to find out? Our Sacrificing Ratio Sacrificing because you have to find it. What will be allocated in the ratio? Goodwill allocation is done. What is being done here? How will the answer come? Look, the spot here is 40. Isn't it 40 that you're bringing? What the guy might bring Therefore, what should we do? This is the goodwill of the firm. The good he brought is the good of the firm. No, the firm's good, how much is the sick in it? I have the right to one bif, right? Then it's 40,000. How much should I find? One by five. Eleven Bif must be found. You will get an amount when you find it here. Let's see first what is A's share 4000. Itba4000 What is the name of the share? 16000 in Sanogavil

41:24 Exit Isana Bring the Goodwill Goodwill Not brought in Sagudava These books are full of old stories for children. There is something to note here. I understand that there is something to pay attention to. If not, we will have the answer to this. It will go wrong. One thing to note here Look at me. Able to bring goodwill into cash C Did you bring Goodwill? Goodwill? Not brought C Goodwill If you bring it, I'll give you an example. After that, the new partner Goodvi New Partner Goodwill is Coming If you are bringing a new partner If it's brought to Goodwill, who is this for? Old Partners deserves it. In what ratio is it right? The sacrificial ratio is deserved.

42:10 It is right. That means admitting a new partner. New partner goodwill while doing If you are bringing this goodwill Who owns the Old? This old one belongs to the partners. We distribute this to partners. In what ratio will they do it? There is a sacrificed ratio. Remember, who is the good guy in this case? No new partner has been brought. The firm's goodwill has not been brought. How much is 4 thousand? Who is this for? The new person has the right. Is it already available or not? A and B who do What ratio is it in? The distribution should be made in the old ratio. The old ratio to be distributed What is the ratio of egg to bread? The math is not changing, the question is accurate. You should read and understand the ratio.

42:56 Is it changing or not? Which ratio is changing? New partner in the case What if it was brought? Do it and share it with whomever. Claim and give to A and B. Claim it and give it there. Remember the goodwill account debt. S Capital Tuba Capital remembered Please ask the next question. Just look, there's an assertion reason next. Type Question Answer Of Goodwill Debt Igani ratio i.e. retirement During What is the goodwill of a retired partner? They say they will do it now. For partners who retain them, they Will be distributed in the winning ratio. What is that reason you say? Goodbye. Personal Gain of Retiring Partners

43:41 There is no one to share with others. That's what Reason says to share. It's not okay to say that. Is A correct? What is R? What is False? That means the assent is correct. Bicorunning Part Share of Goodwill is What is the goodwill to be shared and in what ratio? Reason is wrong in the gain ratio, boss. Goodwill is not personal gain. What is meant by personal gain? Allabi As an asset, so what? What can it do? It is possible to distribute Just look at the next question, ifa partner. Retirement and running as a partner retiree Partners Continue Continue Partners who do Romani Partsdafan Profit Sharing Ratio and Earning Ratio Mar B Kakuler New Ratio and Gain Ratio needs to be calculated.

44:27 If so, the winning ratio Equation to calculate It's very difficult to ask what it is. Simple Equation Gain Ratio Calt What equation should I do, children? Old ratio minus new ratio is Sacrificing Ratio Minus Old Ratio Is it the new ratio minus the old ratio? Is it or is it New Ratio minus Gaining? What is the ratio of this? Which one of these two will it be? Which one of these two is it? Answer Which Children Answer An Ratio Minus Old ratio New ratio minus Old ratio Remember, I heard the next question. Goodwill, look at me. Ease And Read in the Books Goodwill Rice It has been done and it is retained. It's done in the books. on the asset side of the balance sheet It is shown on the asset side of the balance sheet. It says it will do. The second statement is in the form of a sentence.

45:12 Two oranges Partners and Immortals or E-Balance If the sheet is on the balance sheet Goodwill balance as partner share If it is on the sheet, it is written off. What are you saying to do? This is a fol. Which of these is false? Answer statement one. Is True State Tuples that is Rattling Goodwill bs and appr the asset side of the balance Sheet oven baking Part-time job What is on the balance sheet? Not doing it, not doing it very much. It was a simple question.

45:58 Look at the next one, the next journal entry. Suresh Ramesh and Ganesh R are the same. Partners Sharing Profit and Loss 5th Then why did Ganesh retire? Ganesh retired, who is he? What did the third person do to retire? His share of goodwill How much is the goodwill? 24000 is the debt ratio. There is a positive winning ratio. Suresh and Ramesh's earning ratio How much is 2 years of age and my good will? To Goodwill Upper in the Books Upper in the Books If not, how? How will the journal entry for goodwill be? Account Ganesh Capital Account Is Suresh Capital Account Debtor? To Ramesh Capital Account Debtor Are you Ganesh Capital?

46:43 Just remember, it's good will. One person retired and Goodwill gave this much Who had it? The new already exists In what ratio did the partners get it? It was said in the winning ratio What do we say when we say we got it? Do it at their winning ratio. What to do with 24000 distributed? Who are the people who get it done? Suresh and Ramesh are both debited. To whom did Ganesha give it? To Ganesha It's very simple to give credit. Don't be afraid when you see journal entries. No need, exactly. It's very easy for someone who is learning. You can answer and leave then. Today we will talk about some of the management The questions are the same. Few in the partnership area I also saw questions then. This is informative. I am back with questions. You will come again then. Are there any suggestions? So, today's area is class one. MCQs of this area, or not

47:28 You should discuss it like that. If you have any suggestions, what are they? Let us know in the comment box. Likewise for you. What areas do you suggest? It can be done. Inna area If you need a class, then so be it. That can also be said. So something like this Informative videos Subscribe to our channel to watch. Should be done. Likewise, our new KFC batch run It is being done. To you Can anyone join this batch? If you are interested in doing it, do it immediately. Join. Let's be systematic. Let's go and study. Correct If there is a study, the maximum is MCQs. Do everything strategically and precisely. If there is a study that has been done, we can Easily achievable KFC is an exam. Assistant means focus. Learn by doing and in a good way. What is a must-have? You are here to learn with purpose. Try to follow the correct guidelines.

48:14 If yes, are you sure about this? It is possible to pass an exam. The best option for that. That's what the master key is called. So join our class. Try to do it then. With informative videos like this I'll be back, it's me. Thank you Vishnu Ashraf.

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