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Accumulated Profits

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

AccountancyA and B share profits in the ratio of 5:1. The General Reserve is ₹48,000. If the entire amount is distributed in the new profit-sharing ratio when a new partner is admitted, what is the main error?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhy is it wrong to distribute accumulated profits in the new ratio?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf accumulated profits or general reserve are not adjusted in the old partners’ accounts before the admission of a new partner, what problem will arise?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen accumulated profits are distributed among the old partners on the admission of a new partner, why are their capital accounts credited?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, what does the old firm's general reserve represent?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen 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 PartnerReservesMedium AccountancyWhat is the direct effect of adjustment of accumulated profits on new partner capital?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAccumulated profits were wrongly distributed in the new ratio. Why is this wrong?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAfter adjustment of accumulated profits what is the direct effect on new partner capital?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio 3:2. The firm has a general reserve of ₹50,000, and a new partner C is admitted. What problem may arise if the reserve is not distributed among the old partners at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio of 7:3. The General Reserve is ₹50,000 and the Profit and Loss Account has a credit balance of ₹20,000. When these amounts are distributed among the old partners, what total amount will be credited to B?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat is the main reason for crediting the amount of general reserve to the old partners’ capital or current accounts when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen accumulated profits are distributed among the old partners at the time of a new partner’s admission, what is the effect on their capital?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt admission of a new partner in which ratio are accumulated profits distributed?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe deed is silent about old accumulated profits and a new partner is admitted. To whom will the pre admission general reserve belong?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard