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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 Workmen Compensation Reserve is ₹75,000, whereas the actual claim is ₹92,000. At the time of admission of a partner, which account will be debited for the excess claim, and by what amount?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, A, B and C share profits in the old ratio of 2:3:5. The general reserve is ₹1,50,000 and preliminary expenses are ₹30,000. What net amount will be credited to C’s capital or current account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share old profits in the ratio of 5:3. The General Reserve is ₹96,000 and the Profit and Loss Account has a debit balance of ₹24,000. On the admission of a new partner, what will be the net effect on A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits in the ratio 4:3:2. The Contingency Reserve is ₹90,000, and a liability of ₹18,000 is to be adjusted against it. How much of the remaining reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio of 5:1. The General Reserve is ₹48,000. If the entire amount is distributed in the new profit-sharing ratio when a new partner is admitted, what is the main error?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOld partners A and B share profits and losses in the ratio of 8:7. The firm has a Capital Reserve of ₹45,000 and a debit balance of ₹15,000 in the Advertisement Suspense Account. On the admission of a new partner, what will be the net effect on Partner A’s capital account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe old partners share profits in the ratio 4:3. The firm has a General Reserve of ₹49,000 and a Capital Reserve of ₹21,000. At the time of admission of a new partner, what total amount will be credited to the first old partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 5:2. The General Reserve is ₹84,000, and the Advertisement Suspense Account has a debit balance of ₹28,000. What net credit will be given to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm has a Contingency Reserve of ₹82,000, against which the expected liability is ₹27,000. On the admission of a new partner, what amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the old partners share profits in the ratio 7:2:3 and the General Reserve is ₹96,000. How much of this reserve will be credited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA, B and C share profits in the ratio 3:1:2. The Profit and Loss Account has a debit balance of ₹48,000. How much will be debited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, A and B share profits and losses in the ratio 2:1. The firm has a General Reserve of ₹45,000, and Preliminary Expenses of ₹15,000 are to be written off. What will be the net credit to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B are partners sharing profits in the ratio of 5:4. The firm has a reserve balance of ₹54,000 and a debit balance in the Profit and Loss Account of ₹18,000. What will be the net effect of these two items?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, A and B share profits in the ratio 6:5. The General Reserve is ₹66,000 and the Profit and Loss Account has a credit balance of ₹33,000. What total amount will be credited to A’s account out of these accumulated profits?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, why is Employees’ Provident Fund not distributed among the old partners like a reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a new partner’s admission, A, B and C are old partners sharing profits in the ratio 2:3:4. The Reserve Fund is ₹108000. What amount will be credited to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, accumulated loss was distributed among all partners, including the new partner. What is the main accounting error?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA firm has a Contingency Reserve of ₹50000, against which an expected liability of ₹38000 is estimated. On the admission of a new partner, what balance of the reserve will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of reconstitution, the Dividend Equalisation Reserve is ₹24,000. A and B are the old partners and share profits equally. How much will each partner receive from the reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA partnership firm has a general reserve of ₹36,000. The old profit-sharing ratio of A and B is 5:4. On the admission of a new partner, what amount will be credited to B’s Capital Account as his share of the general reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy