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Liability Adjustment

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

AccountancyIf interest due is omitted from the credit of a partner’s loan account, what will be the effect on the final loan balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyInsurance Reserve is ₹30,000 and the claim is ₹42,000. How will the excess claim be treated?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyA, B and C share profits in the ratio 4:3:2. The Contingency Reserve is ₹90,000, and a liability of ₹18,000 is to be adjusted against it. How much of the remaining reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyAt the time of reconstitution, the provision for tax was ₹84,000, whereas the actual tax liability was determined to be ₹91,500. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpertAccountancyThe tax provision is ₹37,000, whereas the actual tax liability is determined to be ₹42,800. What effect will this adjustment have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpertAccountancyAt the time of a partner’s admission, the value of a building increases from ₹2,00,000 to ₹2,30,000, while a loan decreases from ₹90,000 to ₹85,000. What will be the combined effect of these two adjustments on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert

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