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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 11:9. The General Reserve is ₹1,00,000 and Preliminary Expenses of ₹25,000 are to be written off. What net amount will be credited to B’s Capital Account at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 4:5:3. The General Reserve is ₹96,000 and the Advertisement Suspense Account is ₹36,000. On reconstitution due to the admission of a partner, what net credit should be made to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyGeneral Reserve ₹68000 and Employees Provident Fund ₹32000 appear on liabilities side. What amount will be distributed among old partners?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 7:2:1. The General Reserve is ₹80,000 and the accumulated loss is ₹30,000. On the admission of a new partner, these items are adjusted through the old partners’ capital accounts. How much will be credited to A’s capital account after this adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 2:6:4. The General Reserve is ₹72,000 and the debit balance of the Profit and Loss Account is ₹96,000. After adjusting both items in the old ratio, what will be the net effect on B?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B are old partners in 7:5. General Reserve ₹96000 was wrongly distributed among all in new ratio 4:3:5. What is the main correction principle?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 ₹75,000 and the General Reserve is ₹45,000. The old partners share profits in the ratio 1:2:3. What amount will be credited to the capital or current account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf General Reserve is left at admission and kept in the books of the new firm what is the most suitable concern?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a General Reserve of ₹1,20,000. A new partner is admitted for a 1/5 share in the firm. What share of the General Reserve will be given to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyGeneral Reserve ₹72,000 was distributed in capital ratio 5:4 instead of old ratio 3:1. How much less or more did the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a partner, if the General Reserve is ₹80,000 and the Profit and Loss Account has a debit balance of ₹95,000, what conclusion should be drawn after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share old profits in 2:5:3. General Reserve is ₹1,20,000 and Profit and Loss debit balance is ₹50,000. What is the second partner's net credit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share old profits in 7:5. General Reserve ₹84,000 and Profit and Loss credit balance ₹36,000 were wrongly shared equally. How much less or more did A receive?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyGeneral Reserve ₹72000 from old balance sheet is shown in new balance sheet without adjustment. If there is no special instruction why is it wrong?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf General Reserve Account is credited while closing old reserve what is the error?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, General Reserve of ₹45,000 and Capital Reserve of ₹27,000 are to be distributed between the old partners, A and B, in their old profit-sharing ratio of 5:4. What total amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the ratio 4:1. On the admission of new partner C, a General Reserve of ₹75,000 was wrongly distributed among A, B and C in the new ratio of 3:1:1. How much less or more did A receive than the amount he should have received?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOn the admission of a new partner, old partners A and B share profits and losses in the ratio of 13:7. The General Reserve is ₹80,000, and Preliminary Expenses of ₹20,000 are to be written off. What will be the net credit to the Capital Account of old partner A?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 3:3:2. The General Reserve is ₹64,000 and the Advertisement Suspense Account has a balance of ₹24,000. What will be the net credit to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf General Reserve is distributed in capital ratio while profit ratio is different why is it wrong?Class 12Reconstitution - Admission of a PartnerReservesExpert