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Old Partners

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

AccountancyWhich partners are included while writing off old goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA and B share profits in the ratio 8:5. General Reserve is ₹78,000 and Capital Reserve is ₹52,000. On admission of new partner C, what total amount will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Capital Reserve is ₹72,000 and Preliminary Expenses are ₹27,000. After the net adjustment of these items, how much will be credited to the capital account of the second old partner in the ratio of 5:4?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAdjustment of old reserves and accumulated losses is based on which basic idea?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a General Reserve of ₹1,50,000. A new partner is admitted for a 1/6 share of profits. What amount of the General Reserve will be credited to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf there is no related claim against a specific reserve who will get the entire reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the General Reserve is ₹95,000 and the debit balance of the Profit and Loss Account is ₹1,10,000, what is the first conclusion after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, a firm’s Investment Fluctuation Reserve is ₹48,000 and the fall in the value of investments is also ₹48,000. What will be the final accounting result?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInvestment Fluctuation Reserve is ₹39000 and investments increase from ₹310000 to ₹328000. What is the correct treatment of the reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhat is the basic accounting principle for distributing reserves?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm has a Contingency Reserve of ₹1,05,000, while the related probable liability is estimated at ₹1,26,000. The old partners share profits in the ratio of 2:5. On the admission of a new partner, what amount of loss will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe adjustment of old reserves and accumulated losses is based on which main principle?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a General Reserve of ₹1,20,000. A new partner is admitted for a 1/5 share in the firm. What share of the General Reserve will be given to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim against a specific reserve is zero what is its usual treatment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, if separate investments equal in value to the Reserve Fund are present in the books, what is the correct accounting treatment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInvestment Fluctuation Reserve is ₹40000 and investments increase from ₹250000 to ₹270000. What is the correct treatment of the reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhat is the most correct accounting basis for distributing reserves?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹92,000, while the probable liability amounts to ₹1,10,000. The old partners share profits in the ratio 6:5. What portion of the loss arising from this liability will be debited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf the related claim is more than the reserve who will bear the excess part?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim is less than the reserve who will get the remaining reserve?Class 12Reconstitution - Admission of a PartnerReservesHard