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Accounting Adjustment

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhat is the effect of adding the deceased partner’s share of profit earned up to the date of death to his account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyThe retiring partner’s loan account has an outstanding balance of ₹2,50,000. After adding 5% interest, a payment of ₹60,000 is made. What amount will remain in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyAt the time of a partner’s admission, what is the main accounting error in adjusting accumulated loss by including the new partner?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyAt the time of reconstitution, the Reserve Fund is ₹1,26,000 and the old partners share profits in the ratio 2:5:7. An amount of ₹54,000 was credited to the third old partner’s account. Which of the following statements is correct?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyIn a firm, a general reserve of ₹54,000 was distributed in the capital ratio 5:4 instead of the old profit-sharing ratio 2:1. Due to this error, how much less or more did the first partner receive than the correct amount?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyAt the time of admission of a new partner, the Investment Fluctuation Reserve is ₹27,000 and the decrease in the value of investments is ₹11,000. What amount will remain for distribution among the old partners after adjusting the decrease in investments?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyWhen both accumulated profit and accumulated loss exist at the time of a partner’s admission, what is the quick and correct method of adjustment?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyAt the time of admission of a new partner, the Cash Book shows a cash balance of ₹30,000, whereas the physical count reveals ₹28,450. What effect will this shortage have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHardAccountancyIf the old provision for doubtful debts is ₹2500 and the newly required provision is ₹1800, what will be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasyAccountancyPrepaid rent of ₹4,500 was not recorded in the books. What will be the effect of recording it at the time of admission of a new partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMediumAccountancyThe firm’s goodwill is ₹3,60,000. The partners’ old ratio is 4:2:3 and their new ratio is 3:3:3. Which partner sacrifices in respect of goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA’s salary was wrongly credited to B’s account. What is the correct correction entry?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasyAccountancyIf a partner pays a firm’s expense from personal funds, what adjustment is made in the partner’s account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium

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