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Admission Of Partner

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

AccountancyX and Y are partners sharing profits in the old ratio of 4:1. The firm's reserve fund is ₹25,000. On reconstitution of the partnership, what share of the reserve fund will Y receive?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits in the old ratio of 3:2. At the time of admission of a new partner, the general reserve is ₹50,000. How much will A receive from the general reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAn old royalty liability of ₹44,400 was omitted from the books. It is now recognised. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, a firm's asset increases from ₹1,58,000 to ₹1,74,500, while its liability increases from ₹88,000 to ₹96,000. What will be the net effect in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyUnder the fluctuating capital method, where is revaluation profit generally credited on the admission of a partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of a firm’s old vehicles decreases from ₹3,15,000 to ₹2,99,000. At the same time, an unrecorded toolkit worth ₹12,750 is discovered. What will be the net result of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyDuring reconstitution, the book value of old equipment decreases from ₹395,000 to ₹358,000. In addition, an unrecorded installation-related liability of ₹11,500 is discovered. What will be the total debit in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, the revaluation loss is ₹63,000. The old partners’ ratio is 2:5:2 and the new ratio after admission is 3:2:2:2. In what ratio will the revaluation loss be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyRevaluation profit is ₹96,000. The old partners’ ratio is 13:11 and the new ratio is 5:4:3. What is partner A’s share?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio 5:3. On C’s admission, the value of patents was increased by ₹64,000, and this increase was reversed through memorandum revaluation. The new profit-sharing ratio is 4:3:1. What will be C’s share of the loss arising from the reversal?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe provision for tax was ₹1,02,000, whereas the final tax liability was determined to be ₹94,300. What will be the effect in the Revaluation Account at the time of admission of a partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of reconstitution, the provision for tax was ₹84,000, whereas the actual tax liability was determined to be ₹91,500. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyGoods worth ₹36,000 in the old stock are found damaged, while the value of the remaining stock increases by ₹21,500. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, the book value of a car decreases from ₹2,40,000 to ₹2,08,000, while a bank loan decreases from ₹3,30,000 to ₹3,12,000. What will be the net effect in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, the accountant credited an increase in liability of ₹34,000 to the Revaluation Account. Why is this an accounting error?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn accountant credited a decrease in an asset of ₹29,000 to the Revaluation Account. What should be the correct accounting treatment for this item?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA, B and C are old partners sharing profits in the ratio 4:4:1. A revaluation loss of ₹99,000 is incurred. What will be C’s (the third partner’s) share of this loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyWhich of the following items will be recorded on the debit side of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of land is ₹925000, and it is revalued upward by 8%. What amount will be credited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of furniture is ₹1,35,000, and it is to be reduced by 12%. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert