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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 5:4. A revaluation loss of ₹54,000 is incurred. By what amount will A’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA, B and C are old partners sharing profits in the ratio 2:3:5. A revaluation profit of ₹80,000 is earned. How much of this profit will be credited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, stock is revalued from ₹1,10,000 to ₹92,800 and patents are revalued from ₹55,000 to ₹70,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe provision for doubtful debts is reduced from ₹14,000 to ₹9,500. On which side of the Revaluation Account, and for what amount, will it be recorded?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, the market value of stock is ₹88,000 and its book value is ₹94,000. In addition, an insurance claim of ₹3,000 on the stock has been admitted. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission of a partner, an old asset is recorded in the books at ₹50,000. Its revalued amount is ₹62,000, and a separate provision of ₹7,000 is to be created for its repairs. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission, the old partners’ profit-sharing ratio is 6:3:1. If a revaluation loss of ₹50,000 is incurred, what amount will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, the accountant debited an increase of ₹17,000 in the value of an asset to the Revaluation Account. Why is this entry incorrect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn the admission of a partner, the book value of land is ₹2,50,000. The value of land is increased by 12%. What amount will be credited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, furniture valued at ₹64,000 is reduced by 15%. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe Revaluation Account shows a profit of ₹42,000. The old partners share profits in the ratio 5:4:3. What amount of this profit will be credited to the capital account of the third old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn a partnership firm, A and B share profits in the old ratio of 3:2. The revaluation of assets results in a profit of ₹25,000. What amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyBefore the admission of a partner, investments were recorded in the books at ₹60,000. Their market value is ₹54,000, and accrued interest of ₹2,000 is receivable separately. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, stock is increased from ₹72,000 to ₹81,000 and furniture is reduced from ₹40,000 to ₹34,000. What will be the net result of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, revaluation reveals an unrecorded patent worth ₹32,000 and an unrecorded lawsuit liability of ₹47,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission of a partner, outstanding salary of ₹9,000 was not recorded in the books. Which account and side will be affected by this adjustment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share profits in the ratio of 3:2. On the admission of a new partner, the value of stock is reduced by ₹5,000 and the value of the building is increased by ₹25,000. What will be B’s share of the profit on revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe value of a patent increased from ₹90,000 to ₹1,02,000, while the value of a computer decreased from ₹76,000 to ₹68,000. What will be the net result of revaluation of the assets?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio 8:2. A revaluation profit of ₹75,000 is earned. What amount will be credited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio of 4:3. The debit total of the Revaluation Account is ₹91,000 and its credit total is ₹56,000. What amount will be debited to B’s Capital Account for the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium