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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।

AccountancyGeneral Reserve ₹50000 and Employees Provident Fund ₹20000 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 6:3:1. The General Reserve is ₹1,00,000 and the accumulated loss is ₹20,000. At the time of reconstitution, how much will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 1:4:5. The General Reserve is ₹50,000 and the Profit and Loss Account has a debit balance of ₹70,000. After adjusting these items among the old partners, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B are old partners in 3:2. General Reserve ₹50000 was wrongly distributed among all in new ratio 2:2:1. What is the main correction principle?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a partner, the Profit and Loss Account has a credit balance of ₹60,000 and the General Reserve is ₹30,000. The old partners share profits in the ratio 2:3:4. How much of these accumulated profits will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf General Reserve is not distributed at the time of admission which statement is most correct?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The General Reserve is ₹1,20,000 and the Profit and Loss Account has a debit balance of ₹30,000. What is the net effect of adjusting these items on B’s Capital or Current Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a General Reserve of ₹60,000. A new partner is admitted for a 1/4 share of profits. What will be the new partner’s share in the General Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIn a firm, a general reserve of ₹54,000 was distributed in the capital ratio 5:4 instead of the old profit-sharing ratio 2:1. Due to this error, how much less or more did the first partner receive than the correct amount?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share profits and losses in the ratio 1:4:5. At the time of reconstitution, the General Reserve is ₹80,000 and Advertisement Suspense Expenditure is ₹30,000. What net amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld balance sheet has General Reserve ₹80000. On admission it is left and shown in the new balance sheet. Which statement is correct?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the old profit-sharing ratio is 9:6. The General Reserve is ₹75,000 and Preliminary Expenses are ₹45,000. What will be the net effect on the first partner after adjustment in the old ratio?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld balance sheet shows General Reserve ₹40000 and Capital Reserve ₹20000. New partner C is admitted. In which ratio will these be distributed?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B are partners sharing profits in the old ratio of 3:2. On the admission of a new partner, C, a general reserve of ₹50,000 was wrongly distributed among A, B and C in the new ratio of 2:2:1. How much less or more did A receive than the amount he should have received?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, A, B and C share profits in the old ratio of 2:3:5. The general reserve is ₹1,50,000 and preliminary expenses are ₹30,000. What net amount will be credited to C’s capital or current account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the ratio of 5:1. The General Reserve is ₹48,000. If the entire amount is distributed in the new profit-sharing ratio when a new partner is admitted, what is the main error?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhen both General Reserve and Capital Reserve exist what is their usual treatment?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf General Reserve is not closed what problem may arise in the new firm balance sheet?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOld partners share profits in the ratio 3:4. General Reserve is ₹77,000 and the Profit and Loss Account has a debit balance of ₹28,000. What is the second partner’s net credit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOld partners A, B and C share profits in the ratio 1:3:2. General Reserve is ₹72,000 and new partner D is admitted. Why will D not get a share in the reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium