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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 3:2. The firm has a general reserve of ₹50,000, and a new partner C is admitted. What problem may arise if the reserve is not distributed among the old partners at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, the General Reserve in the books is ₹48,000 and the old partners’ profit-sharing ratio is 5:1. Why will the new partner not receive a share of this reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyBefore the admission of a new partner, A, B and C share profits and losses in the ratio 3:2:1. The General Reserve is ₹90,000. When it is distributed among the old partners, what will be B’s share?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 2:3. The General Reserve is ₹25,000 and the Profit and Loss Account has a debit balance of ₹10,000. What is the net accumulated amount to be distributed among the partners before the admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf General Reserve appears on the liabilities side of the balance sheet, what does it represent?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich account is debited in the journal entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the General Reserve is ₹30,000. If the old partners share profits in the ratio 2:1, how much will the second old partner, ‘B’, receive from the General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission General Reserve is ₹60000. Old partners A and B share 3:2. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich pair is correct?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, the general reserve is ₹90,000. If the old partners’ profit-sharing ratio is 2:3:4, how much will be transferred to the account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat is the main reason for crediting the amount of general reserve to the old partners’ capital or current accounts when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich account is debited while closing general reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat nature of balance does General Reserve Account have?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyGeneral Reserve is ₹36,000 and the old partners’ ratio is 5:4. What is the second partner’s share?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf general reserve of ₹60000 is given in the balance sheet then at admission it is transferred to which accounts?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA, B and C are partners sharing profits in the old ratio of 2:2:1. The firm has a general reserve of ₹50,000. On reconstitution, how much of the reserve will be distributed to C's account in the old ratio?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits in the ratio of 1:1. At the time of admission of a new partner, the general reserve is ₹40,000. What amount will be credited to the capital account of each old partner?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich of the following is an item of accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich is the correct journal entry for distributing general reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy does the new partner not receive a share of the old General Reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy