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Contingency Reserve

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

AccountancyA and B share profits and losses in the ratio of 9:4. The Contingency Reserve is ₹78,000, whereas the actual liability is ₹91,000. What amount of the additional loss will be debited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 3:5:4. The Contingency Reserve is ₹96,000, while the actual liability is determined to be ₹36,000. After this adjustment, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Contingency Reserve is ₹130,000, while the probable liability is ₹154,000. If the old partners share profits in the ratio 5:7, what is the second partner’s share of the loss arising from this liability?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyContingency Reserve is ₹120000. Known liability is ₹45000 and additional probable claim is ₹30000. Old partners share 5:3. How much will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm's Contingency Reserve amounts to ₹96,000. A fixed liability of ₹56,000 is to be paid out of this reserve. The remaining reserve will be distributed among the old partners in the ratio of 6:4. What amount will the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Contingency Reserve is ₹46,000, whereas the actual liability is found to be ₹58,000. At the time of admission of a new partner, what is the correct accounting treatment of this excess liability?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Contingency Reserve is ₹1,05,000, and the related estimated liability is ₹65,000. If the remaining reserve is distributed in the old partnership ratio of 3:5, what will be the first partner's share?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits and losses in the ratio 5:3:2. The Contingency Reserve is ₹70,000, while the actual liability is ₹25,000. After adjustment, how much will be credited to Partner B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹1,05,000, while the related probable liability is estimated at ₹1,26,000. The old partners share profits in the ratio of 2:5. On the admission of a new partner, what amount of loss will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹75,000. A fixed liability of ₹45,000 is to be settled out of this reserve. The remaining amount will be distributed between the old partners in the ratio of 4:1. How much will the second partner receive?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 AccountancyA, B and C share profits and losses in the ratio 4:4:2. At the time of reconstitution, the Contingency Reserve is ₹50,000, whereas the actual liability is determined to be ₹20,000. After adjusting the actual liability, how much of the remaining amount will be credited to A’s 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 AccountancyAt the time of admission of a new partner, the Contingency Reserve is ₹90,000, out of which ₹52,000 is required to cover an expected liability. The old partners share profits in the ratio 3:2. What will be the first partner’s share of the balance?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyContingency Reserve is ₹28000 and liability is fixed at ₹35000. What is the correct effect of excess liability?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Contingency Reserve is ₹64,000, and the related expected liability is ₹40,000. If A and B are partners sharing profits in the ratio of 3:5, how much will B receive from the remaining reserve?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 AccountancyOld partners A and B share 11:4. Contingency Reserve is ₹75000 and there is no known liability. How much will be credited to B?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, the Contingency Reserve is ₹46,000, while the related actual liability is determined to be ₹59,000. What will be the additional loss arising from the liability exceeding the reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium