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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, B and C share profits in the ratio 3:2:5. At the time of reconstitution, the Capital Reserve is ₹1,20,000 and the debit balance of the Profit and Loss Account is ₹50,000. What net amount will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Bad Debts Reserve is ₹36,000, and the actual bad debts amount to ₹15,000. The old partners share profits in the ratio 4:5. After adjusting the reserve, what amount will be credited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 5:3:2. The Contingency Reserve is ₹70,000, while the actual liability is ₹25,000. After adjustment, how much will be credited to Partner B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyPartners A and B share profits and losses in the ratio of 11:7. The firm has a reserve of ₹90,000 and a debit balance of ₹36,000 in the Profit and Loss Account. On the admission of a new partner, if the net amount of these items is adjusted in the old ratio, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 7:2:1. The General Reserve is ₹80,000 and the accumulated loss is ₹30,000. On the admission of a new partner, these items are adjusted through the old partners’ capital accounts. How much will be credited to A’s capital account after this adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 2:6:4. The General Reserve is ₹72,000 and the debit balance of the Profit and Loss Account is ₹96,000. After adjusting both items in the old ratio, what will be the net effect on B?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹1,05,000, while the related probable liability is estimated at ₹1,26,000. The old partners share profits in the ratio of 2:5. On the admission of a new partner, what amount of loss will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits and losses in the ratio 5:4. The General Reserve is ₹81,000 and the Capital Reserve is ₹63,000. Before the admission of the new partner C, if both reserves are distributed among the old partners in their old profit-sharing ratio, what total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Bad Debts Reserve was ₹48,000, whereas actual bad debts were found to be ₹58,000. If the old partners share profits in the ratio 4:1, what amount of the excess loss should be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Workmen Compensation Reserve is ₹1,44,000, and a claim of ₹60,000 has been admitted against it. The old partners share profits in the ratio 7 : 3 : 2. After adjusting the reserve, what amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 5:1:2. At the time of admission of a new partner, the firm’s Profit and Loss Account has a credit balance of ₹96,000 and the Advertisement Suspense Account has a debit balance of ₹40,000. After adjustment in the old partners’ accounts, what net amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIn a firm, the Workmen Compensation Reserve is ₹72,000, while the Workmen Compensation claim amounts to ₹92,000. The old partners share profits in the ratio 3:2. What amount of the claim exceeding the reserve will be debited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio of 4:3:2. The General Reserve is ₹1,35,000 and the Profit and Loss Account has a debit balance of ₹45,000. On the admission of a new partner, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 5:3:2. Accumulated profits total ₹1,50,000 and accumulated losses total ₹70,000. At the time of reconstitution, what net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a debit balance of ₹50,000 in the Profit and Loss Account. A new partner is admitted for a 1/4 share in future profits. What will be the new partner’s share in this accumulated loss of the old period?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old partners of a firm share profits in the ratio of 5:2. The balance of Investment Fluctuation Reserve is ₹28,000, and Preliminary Expenses of ₹7,000 are to be written off. What will be the net effect on the second partner’s account after adjustment among the old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, if separate investments equal in value to the Reserve Fund are present in the books, what is the correct accounting treatment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a partner, if the General Reserve is ₹80,000 and the Profit and Loss Account has a debit balance of ₹95,000, what conclusion should be drawn after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the Insurance Reserve is ₹26,000, while the insurance claim amounts to ₹39,000. How will the excess claim of ₹13,000 be treated in the accounts?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a Contingency Reserve of ₹75,000. A fixed liability of ₹45,000 is to be settled out of this reserve. The remaining amount will be distributed between the old partners in the ratio of 4:1. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard