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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।

AccountancyThe Dividend Equalisation Reserve is ₹57,000, and the Profit and Loss Account has a debit balance of ₹21,000. If A and B are old partners sharing profits in the ratio of 5:4, what will be the net effect on A?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Reserve Fund is ₹63,000 and the Capital Reserve is ₹27,000. Assuming that both amounts are to be distributed among the old partners on admission, A and B are the old partners sharing profits in the ratio of 1:2. What total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Investment Fluctuation Reserve is ₹54,000, and the value of the investments has decreased by ₹18,000. At the time of admission, after adjusting this decrease, the remaining reserve is distributed in the old profit-sharing ratio of 5:4. How much will the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a partner, the Investment Fluctuation Reserve is ₹30,000 and the fall in the value of investments is also ₹30,000. What will be the final accounting result?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOn the admission of a new partner, A, B and C share profits in the old ratio of 4:3:2. The Profit and Loss Account has a credit balance of ₹90,000, and Preliminary Expenses of ₹27,000 are yet to be adjusted. What net amount will be credited to B’s account after the adjustment among the old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Contingency Reserve is ₹34,000, whereas the related actual liability is determined to be ₹41,000. What is the correct accounting treatment for the liability exceeding the reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA partnership firm has a Contingency Reserve of ₹88,000. Out of this reserve, ₹52,000 is required to be set aside for an estimated liability. The remaining amount is distributed in the old profit-sharing ratio of 2:3. How much will be received by the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, General Reserve of ₹45,000 and Capital Reserve of ₹27,000 are to be distributed between the old partners, A and B, in their old profit-sharing ratio of 5:4. What total amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Investment Fluctuation Reserve is ₹24,000. The value of an investment falls from ₹1,80,000 to ₹1,48,000. What excess loss will be shown in the Revaluation Account after adjusting the Investment Fluctuation Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a Workmen Compensation Reserve of ₹96,000, while the actual workmen compensation claim is ₹60,000. At the time of admission of a new partner, how much of the balance reserve will be credited to the second old partner if the old partners’ profit-sharing ratio is 5:3?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B are partners sharing profits in the old ratio of 7:3. The General Reserve is ₹1,00,000 and the Profit and Loss Account has a debit balance of ₹30,000. At the time of admission of a new partner, what will be the net effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhat is the most common exam mistake in adjustment of reserves at admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOn the admission of a new partner, old partners A and B share profits and losses in the ratio of 13:7. The General Reserve is ₹80,000, and Preliminary Expenses of ₹20,000 are to be written off. What will be the net credit to the Capital Account of old partner A?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 2:3:5. The firm has a Capital Reserve of ₹100000 and a debit balance of ₹40000 in the Profit and Loss Account. What net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOn the admission of a new partner, the Bad Debts Reserve is ₹30,000 and actual bad debts amount to ₹12,000. The old partners share profits in the ratio 7:3. What amount will be credited to the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Profit and Loss Account has a debit balance of ₹24,000, and Preliminary Expenses amount to ₹16,000. The old partners share profits in the ratio 3:5, with the second partner holding a 5/8 share. What total debit will be charged to the second partner at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B are partners sharing profits in the old ratio of 9:6. The reserve is ₹75,000 and the debit balance of the Profit and Loss Account is ₹30,000. After adjusting these two items, the remaining amount is distributed in the old ratio. What will be A’s share?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 2:5:3. The Investment Fluctuation Reserve is ₹70,000 and the loss on investment is ₹10,000. How much of the remaining reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 1:4:5. The General Reserve is ₹50,000 and the Profit and Loss Account has a debit balance of ₹70,000. After adjusting these items among the old partners, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹92,000, while the probable liability amounts to ₹1,10,000. The old partners share profits in the ratio 6:5. What portion of the loss arising from this liability will be debited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert