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Accumulated Loss

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

AccountancyIn the entry for distributing accumulated loss among old partners which account will be credited?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Profit and Loss Account of a partnership firm has a debit balance of ₹36,000. The old partners A and B share profits and losses in the ratio of 7:5. At the time of reconstitution, what amount will be debited to partner A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, accumulated loss was distributed among all partners, including the new partner. What is the main accounting error?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio 8:5. The firm has a net accumulated loss of ₹39,000. What amount will be debited to B’s Capital Account for this loss?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe General Reserve is ₹52,000 and the debit balance of the Profit and Loss Account is ₹12,000. What will be the net accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich of the following is an example of accumulated loss?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, how is accumulated loss recorded in the old partners' capital accounts?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf old accumulated loss is not adjusted what wrong effect may occur?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy are the old partners’ capital accounts debited when accumulated loss is written off during the reconstitution of a partnership?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich of the following is an old accumulated loss item?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of a partner’s admission, on writing off accumulated loss, on which side are the old partners’ capital accounts recorded?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, how is the debit balance of the Profit and Loss Account treated?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat type of item is debit balance of Profit and Loss Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyUnder fluctuating capital method where is accumulated loss debited?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Profit and Loss Account has a debit balance of ₹42,000. The old partners share profits in the ratio of 3:4. On the admission of a new partner, how much will be debited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich item is treated as accumulated loss or item to be written off?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf both accumulated profit and accumulated loss exist what should be done first?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf debit balance of Profit and Loss Account is given in balance sheet how will it be treated?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf the firm follows fluctuating capital method where will accumulated loss be debited?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat is the effect on old partners capital accounts when accumulated loss is distributed?Class 12Reconstitution - Admission of a PartnerReservesMedium