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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।

AccountancyAt the time of admission of a new partner, the General Reserve is ₹60,000 and the Advertisement Suspense Account has a balance of ₹18,000. What will be the net credit to the old partners’ capital accounts?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe old balance sheet shows a general reserve of ₹75,000 and a debit balance of ₹15,000 in the Profit and Loss Account. What is the net accumulated profit based on these items?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich account is closed when accumulated profit is distributed?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA, B and C share profits in the old ratio of 2:3:5. At the time of admission of a partner, the general reserve is ₹1,00,000. What will be C’s share when it is distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen accumulated profit or a general reserve is distributed among the old partners, on which side are the old partners’ capital accounts recorded?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share old profits in the ratio 3:1. The general reserve is ₹32,000. When distributed among the partners, what share of the general reserve will A receive?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, what does the old firm's general reserve represent?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyOld partners A, B and C share 2:3:5. General Reserve is ₹100000 and new partner D is admitted. Why will D not get a share in the reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf General Reserve appears on liabilities side of balance sheet why is it not treated as outside liability?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyTwo old partners share profits in the ratio 3:2. The firm has a General Reserve of ₹50,000 and a Capital Reserve of ₹25,000. On the admission of a new partner, what total amount will be credited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 4:3. The General Reserve is ₹70,000 and the Advertisement Suspense Account has a balance of ₹21,000. At the time of admission of a new partner, what will be the net credit to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThree old partners share profits in the ratio 6:2:1, and the General Reserve is ₹81000. How much will be credited to the account of the third old partner when the reserve is distributed?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyUnder fixed capital method General Reserve profit may be credited to which account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 3:1. The General Reserve is ₹28,000 and Preliminary Expenses are ₹12,000. What will be the net credit to A’s account after adjusting these items?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio 7:5. The General Reserve is ₹48,000 and the Profit and Loss Account has a credit balance of ₹24,000. On the admission of a new partner, what total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich item comes under accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat is the effect on old partners capital accounts in the entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt admission General Reserve is ₹84000. Old partners A and B share 4:3. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich of the following items is an example of accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the General Reserve of ₹36,000 is distributed among the old partners. What will be the balance of General Reserve in the balance sheet after reconstitution?Class 12Reconstitution - Admission of a PartnerReservesMedium