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Capital Accounts

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyThree partners share profits and losses in the ratio 1:4:5. At the time of reconstitution, the General Reserve is ₹80,000 and Advertisement Suspense Expenditure is ₹30,000. What net amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyAt the time of admission of a new partner, if the old partners’ capital accounts are credited while closing the debit balance of the Profit and Loss Account, what accounting error does this indicate?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyIf old partners' capital accounts are debited in the entry for closing an old reserve, what is the main error?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyAt 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 PartnerReservesMediumAccountancyAt 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 PartnerReservesMediumAccountancyAt the time of admission where is the final effect of old reserves and old losses shown?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyIf the old accumulated loss is not adjusted before the admission of a new partner, which burden may unfairly fall on the new partner?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyWhat is the effect of writing off an accumulated loss on the capital of the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyAt the time of admission of a new partner, how is accumulated profit or general reserve recorded in the old partners’ capital accounts?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyAt the time of admission of a new partner, how is accumulated loss recorded in the old partners' capital accounts?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyWhy are the old partners’ capital accounts debited when accumulated loss is written off during the reconstitution of a partnership?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyWhen 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 PartnerReservesEasyAccountancyAt the time of a partner’s admission, on writing off accumulated loss, on which side are the old partners’ capital accounts recorded?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyOn 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 PartnerReservesMediumAccountancyWhen accumulated profits are distributed among the old partners at the time of a new partner’s admission, what is the effect on their capital?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyA and B share profits in the ratio of 1:1. At the time of admission of a new partner, the general reserve is ₹40,000. What amount will be credited to the capital account of each old partner?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyWhich is the correct journal entry for distributing general reserve?Class 12Reconstitution - Admission of a PartnerReservesEasyAccountancyIf the firm follows fluctuating capital method where is revaluation loss generally debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpertAccountancyA and B share old profits in 5:3. Revaluation profit is ₹64000 and C is admitted. How much will be credited to A's capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHardAccountancyTo whose capital accounts will net loss of revaluation account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium

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