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General 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 in the ratio of 7:6. The General Reserve is ₹91,000 and Preliminary Expenses are ₹26,000. At the admission of a new partner, what will be the net credit to B’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 5:5:2. The balance of General Reserve is ₹108,000, and Advertisement Suspense has a debit balance of ₹36,000. After adjusting these items, what net amount will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyGeneral Reserve ₹74000 and Employees Provident Fund ₹26000 appear on liabilities side. What amount will be distributed among old partners?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 4:1:5. The General Reserve is ₹1,50,000 and the accumulated loss is ₹50,000. After adjusting the reserve against the accumulated loss, how much will be credited to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 5:3:4. At the time of reconstitution, the General Reserve is ₹60,000 and the Profit and Loss Account has a debit balance of ₹1,08,000. What will be the net effect of these two items on C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B are old partners in 9:5. General Reserve ₹112000 was wrongly distributed among all in new ratio 4:3:1. What is the main correction principle?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyEmployees Provident Fund ₹72000 and General Reserve ₹90000 are given at admission. What amount will be distributed among old partners?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹88,000 and the General Reserve is ₹44,000. The old partners share profits in the ratio 3:5:3. What amount will be credited to the second partner’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf General Reserve remains in the books of the new firm at admission what is the most correct problem?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOld partners A and B share profits and losses in the ratio of 5:3. The General Reserve is ₹80,000 and the accumulated loss is ₹1,04,000. What will be the net effect on A’s Capital Account on the admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA B and C share 2:3:5. General Reserve is ₹110000 and Bad Debts Reserve is ₹40000. Additional bad debts are ₹25000. What total will be credited to C?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a General Reserve of ₹1,50,000. A new partner is admitted for a 1/6 share of profits. What amount of the General Reserve will be credited to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld partners share profits in the ratio 5:4. General Reserve is ₹99,000 and the distributable balance of Workmen Compensation Reserve is ₹27,000. How much total will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyGeneral Reserve ₹90000 was distributed in capital ratio 7:8 instead of old ratio 4:1. How much less or more did the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share old profits in the ratio 3:4:5. General Reserve is ₹180,000 and Profit and Loss debit balance is ₹60,000. What is the third partner’s net credit?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyGeneral Reserve ₹99000 from old balance sheet is shown in new balance sheet without adjustment. If there is no special instruction what was the correct treatment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf old partners capital accounts are debited while closing General Reserve what error will occur?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a General Reserve of ₹72,000 and a Capital Reserve of ₹48,000. At the time of admission of a new partner, both reserves are to be distributed between A and B in their old profit-sharing ratio of 7:5. What total amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B are partners sharing profits in the old ratio of 5:3. At the admission of a new partner C, the General Reserve of ₹96,000 was mistakenly distributed among A, B and C in the new ratio of 2:3:1. How much less did A receive compared with the amount A should have received under the old ratio?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the old ratio of 2:3. The General Reserve is ₹1,25,000, and the Profit and Loss Account has a debit balance of ₹35,000. On the admission of a new partner, what will be the net effect on B’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard