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Expected Liability

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

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 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 firm has a Contingency Reserve of ₹82,000, against which the expected liability is ₹27,000. On the admission of a new partner, what amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm has a Contingency Reserve of ₹50000, against which an expected liability of ₹38000 is estimated. On the admission of a new partner, what balance of the reserve will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy 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