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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।

AccountancyWhen both accumulated profit and accumulated loss exist at the time of a partner’s admission, what is the quick and correct method of adjustment?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Contingency Reserve amounts to ₹25,000, whereas the actual liability is ₹31,000. What will be the additional loss in this situation?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA partnership firm has a Contingency Reserve of ₹58,000, against which an expected liability of ₹18,000 exists. On admission, what balance amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThree old partners share profits in the ratio 6:2:1, and the General Reserve is ₹81000. How much will be credited to the account of the third old partner when the reserve is distributed?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA, B and C share the debit balance of ₹54,000 in the Profit and Loss Account in the ratio 4:2:3. What amount will be debited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio 7:5. The General Reserve is ₹48,000 and the Profit and Loss Account has a credit balance of ₹24,000. On the admission of a new partner, what total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA, B and C share profits in the ratio 3:5:4. The firm has a Capital Reserve of ₹72,000. What will be B’s share of this reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhy is Employees’ Provident Fund not distributed among the old partners when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Profit and Loss Account has a debit balance of ₹42,000. The old partners share profits in the ratio of 3:4. On the admission of a new partner, how much will be debited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, a firm's Reserve Fund has a balance of ₹63,000. The old partners share profits in the ratio 5:4. What amount of the Reserve Fund will be credited to the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the Reserve Fund is ₹75,500. If the old partners share profits in the ratio 3:2, how much of the Reserve Fund will be credited to the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOn the admission of a new partner, preliminary expenses of ₹15,000 are to be written off. The old partners A and B share profits in the ratio 2:1. How much will be debited to A’s Capital Account when these expenses are written off?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich of the following items is an example of accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the General Reserve of ₹36,000 is distributed among the old partners. What will be the balance of General Reserve in the balance sheet after reconstitution?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Insurance Reserve is ₹12,600. If it is treated as a free reserve like the General Reserve, what will be done with it when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio 3:2. The firm has a general reserve of ₹50,000, and a new partner C is admitted. What problem may arise if the reserve is not distributed among the old partners at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhy is the sacrificing ratio not used to distribute accumulated reserves among the old partners when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich ratio is the basis for distributing reserves?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyBefore the admission of a new partner, A, B and C share profits and losses in the ratio 3:2:1. The General Reserve is ₹90,000. When it is distributed among the old partners, what will be B’s share?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 2:3. The General Reserve is ₹25,000 and the Profit and Loss Account has a debit balance of ₹10,000. What is the net accumulated amount to be distributed among the partners before the admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesMedium