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Insurance Claim

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyThe Special Insurance Reserve is ₹85,000 and the insurance claim is ₹31,000. The old partners share profits in the ratio 7:6. After adjusting the insurance reserve, what amount will be credited to the second partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe firm's old records did not include an insurance claim. On admission a claim of ₹27000 is considered certainly receivable. What will be the correct entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAn old insurance claim ₹27000 is considered receivable. It was not recorded earlier. What is the correct effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, the market value of stock is ₹88,000 and its book value is ₹94,000. In addition, an insurance claim of ₹3,000 on the stock has been admitted. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAn insurance claim of ₹12500 on an asset was not recorded earlier but is now receivable. What is the correct treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyInsurance claim of ₹15000 is admitted but not yet received. What is the correct treatment on admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf insurance claim of ₹2500 is treated as an unrecorded asset then what happens in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyThe deed treats insurance claim received as capital profit. Where may this amount be transferred?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard