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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।

AccountancyWho is entitled to the gain arising from the revaluation increase in an asset before the admission of a new partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyThe old provision for doubtful debts was ₹1,000 and the new provision required after reconstitution is ₹1,700. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyThe book value of a vehicle increased from ₹1,20,000 to ₹1,32,000, while the book value of a computer decreased from ₹55,000 to ₹47,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio of 3:7. A revaluation loss of ₹80,000 is incurred. How much will be debited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits in the ratio 4:5. The total credit of the Revaluation Account is ₹88,000 and the total debit is ₹34,000. What will be A’s share of the profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe value of land increased by ₹45,000, while the value of furniture decreased by ₹17,000. What will be the net result of revaluation of assets?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe existing provision is ₹3,500 and the new provision required after reconstitution is ₹9,000. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B are partners sharing profits in the ratio of 5:2. At the time of admission of a new partner, revaluation of assets results in a loss of ₹49,000. How much will be debited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits in the ratio of 7:3. On the admission of a new partner, a revaluation profit of ₹40,000 arises. This profit is to be distributed among the old partners. How much will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf the bank overdraft increases from ₹60,000 to ₹72,000, what entry will be made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf the old provision related to an asset is ₹4,200 and the revised provision required after reconstitution is ₹3,000, what entry will be made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of reconstitution, a provision against an asset is increased from ₹2,400 to ₹3,000. What effect will this have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a partner, machinery is decreased by ₹9,000 and creditors are decreased by ₹3,000 in the revaluation. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyMohan and Sohan share profits in the old ratio of 7:3. A revaluation loss of ₹20,000 is incurred. What will be Sohan’s share of this loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyReena and Seema’s old profit-sharing ratio is 5:3. A profit of ₹16,000 arises from revaluation. What will be Reena’s share of this profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyOutstanding expenses have increased from ₹6,000 to ₹7,500. What will be the effect of this change on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, on which side of the Revaluation Account is a decrease in the value of debtors recorded?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyOld partners A and B share profits and losses in the ratio of 5:4. If a revaluation loss of ₹36,000 arises, what amount will be debited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio 2:3. The debit total of the Revaluation Account is ₹64,000 and the credit total is ₹24,000. What will be A’s share of the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf accrued commission of ₹6,000 has not been recorded in the firm’s books and is recorded at the time of reconstitution, which entry will be passed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium