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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 firm has a general reserve of ₹48,000, and the old profit-sharing ratio of partners A and B is 5:1. On admission of a new partner, what amount of the general reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, in which ratio is the debit balance of the Profit and Loss Account distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf accumulated profits or general reserve are not adjusted in the old partners’ accounts before the admission of a new partner, what problem will arise?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio 3:2. At the time of reconstitution, net accumulated profit of ₹50,000 is to be distributed in the old ratio. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy are old partners given the benefit of an old reserve when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf the old partners’ profit-sharing ratio is not given, on what basis is the reserve distributed when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the admission of a new partner, a reserve fund of ₹54,000 is to be distributed among the old partners in their profit-sharing ratio of 4:2:3. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA, B and C share profits in the old ratio of 2:3:5. At the time of admission of a partner, the general reserve is ₹1,00,000. What will be C’s share when it is distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe book value of investments is ₹1,20,000 and the Investment Fluctuation Reserve is ₹18,000. If the value of investments falls to ₹1,08,000, how much will be adjusted from the Investment Fluctuation Reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe Workmen Compensation Reserve is ₹45,000, while the workmen compensation claim is ₹60,000. What amount does the claim exceed the reserve by?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio 4:5. The Profit and Loss Account has a debit balance of ₹18,000. How much will be debited to A’s account in the old ratio?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B are old partners sharing profits in the ratio of 2:3. At the time of admission of a new partner, the credit balance of the Profit and Loss Account amounting to ₹25,000 is to be distributed in the old ratio. What amount will be credited to B?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen accumulated profit or a general reserve is distributed among the old partners, on which side are the old partners’ capital accounts recorded?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy is it incorrect to distribute an old reserve in the new profit-sharing ratio when a partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyX and Y share profits in the old ratio of 5:3. At the time of admission of a new partner, a reserve fund of ₹64,000 is distributed in the old ratio. What amount will be credited to Y’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, how is the credit balance of the Profit and Loss Account treated?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, how is the debit balance of the Profit and Loss Account treated?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, what does the old firm's general reserve represent?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyTwo old partners share profits in the ratio 3:2. The firm has a General Reserve of ₹50,000 and a Capital Reserve of ₹25,000. On the admission of a new partner, what total amount will be credited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 4:3. The General Reserve is ₹70,000 and the Advertisement Suspense Account has a balance of ₹21,000. At the time of admission of a new partner, what will be the net credit to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium