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Admission Of A Partner

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

AccountancyThe Profit and Loss Account has a debit balance of ₹42,000, and preliminary expenses amount to ₹30,000. The old partners share profits in the ratio of 5:4. What total debit will be charged to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹88,000 and the General Reserve is ₹44,000. The old partners share profits in the ratio 3:5:3. What amount will be credited to the second partner’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Contingency Reserve is ₹130,000, while the probable liability is ₹154,000. If the old partners share profits in the ratio 5:7, what is the second partner’s share of the loss arising from this liability?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe debit balance of the Profit and Loss Account is ₹30,000 and Preliminary Expenses amount to ₹18,000. The old partners share profits in the ratio 2:7. At the time of admission of a new partner, what total amount will be debited to the second old partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 3:4:5. The Investment Fluctuation Reserve is ₹96,000, and the loss on investment is ₹24,000. After adjusting the loss, how much will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹75,000 and the General Reserve is ₹45,000. The old partners share profits in the ratio 1:2:3. What amount will be credited to the capital or current account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt 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 PartnerReservesHard AccountancyA and B share profits in the ratio 4:1. On the admission of new partner C, a General Reserve of ₹75,000 was wrongly distributed among A, B and C in the new ratio of 3:1:1. How much less or more did A receive than the amount he should have received?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a partner, the Profit and Loss Account has a credit balance of ₹60,000 and the General Reserve is ₹30,000. The old partners share profits in the ratio 2:3:4. How much of these accumulated profits will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 4:3:1. The total accumulated profit is ₹96,000 and the total accumulated loss is ₹32,000. What net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the admission of a new partner, if the old profit-sharing ratio of the existing partners is not given, in what ratio are they generally assumed to share profits?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 partner, what is the effect of adjusting accumulated losses on the old partners’ capital?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe new profit-sharing ratio of A, B and C is 9:6:5. C is the new partner, and the ₹75,000 goodwill brought by C represents the goodwill for his share. What is the total goodwill of the firm?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in the ratio 4:3. C is admitted for a 1/7 share of profits. After reconstitution, A's share becomes 1/2. What is B's sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyThe super profit is ₹36,000 and the normal rate of return is 12%. What will be the firm’s goodwill under the capitalization of super profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B share profits and losses in the ratio 3:2. C is admitted to the firm for a 1/5 share. After C’s admission, A’s new share is 1/2. What is B’s sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyThe new profit-sharing shares of two old partners are 1/2 and 1/4, respectively. The new partner receives 1/4 of the total profit, and the old partners’ former ratio was 3:2. What is the sacrificing ratio of the old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyThe goodwill of a firm is valued at ₹1,20,000. A new partner acquires a 1/6 share in the profits and brings ₹12,000 in cash as goodwill premium. The old partners sacrifice their shares in the ratio 3:2. How much of the premium brought in cash will be credited to the second old partner?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyC brings a goodwill premium of ₹20,000 for a 1/4 share in the firm. What is the implied value of the firm’s total goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium