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Estimated Liability

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

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 PartnerReservesHardAccountancyA 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

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