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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।

AccountancyA and B are old partners sharing profits in the ratio of 11:7. On admission of a new partner, a revaluation loss of ₹72,000 arises. By how much will B’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The Revaluation Account shows a profit of ₹1,20,000. What amount will be credited to C’s Capital Account from this profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe value of stock decreases from ₹2,80,000 to ₹2,51,500, while the value of investments increases from ₹1,40,000 to ₹1,62,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe provision for doubtful debts is reduced from ₹26,000 to ₹19,800. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyCreditors were recorded at ₹2,25,000 and were settled by mutual agreement for ₹2,10,500. What effect will be recorded in the Revaluation Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of an old plant is reduced from ₹3,60,000 to ₹3,18,500. What is the correct effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn the admission of a new partner, an environmental compensation liability of ₹62,000 is estimated, although it was not previously recorded in the firm's books. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of a new partner’s admission, the old partners discovered that a loan of ₹50,000 recorded in the books was actually a partner’s personal loan. What effect will removing this liability from the firm’s books have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt 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 RevaluationHard AccountancyOn admission, the old firm's plant stood at ₹250,000. Its revalued value became ₹275,000 and installation expense of ₹4,000 was paid. What is the net gain?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe total of the credit side of the Revaluation Account is ₹2,10,500, while the total of the debit side is ₹1,98,750. What will be the result of this account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe book value of an office building decreases from ₹6,00,000 to ₹5,40,000. An unrecorded property tax liability of ₹18,000 relating to the same building is discovered. What will be the total revaluation loss recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA, B and C share profits in the old ratio of 4 : 3 : 2. On the admission of a new partner, a revaluation profit of ₹72,000 is earned. How much will be credited to B’s capital account under the old ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe book value of stock was ₹90,000. Goods worth ₹10,000 became obsolete, and the value of the remaining stock increased by 12%. What will be the net revaluation effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyDebtors amount to ₹1,50,000, and the existing provision for doubtful debts is ₹5,000. On the admission of a partner, a provision of 8% on debtors is required. What additional loss should be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission of a partner, the old tax provision was ₹56,000, whereas the actual tax liability after revaluation was determined to be ₹49,000. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe old stock is valued at ₹1,50,000. A portion worth ₹28,000 has become worthless, while the value of the remaining stock has increased by ₹12,000. What will be the net effect of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, the book value of computers decreases from ₹88,000 to ₹68,000, while the value of a loan decreases from ₹1,50,000 to ₹1,42,000. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of a building is ₹6,40,000, and its value is to be increased by 7.5%. What amount will be credited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf the total debit of the Revaluation Account is ₹1,36,000 and the total credit is ₹1,19,500, what will be the result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert