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Old Profit Sharing Ratio

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

AccountancyA, B and C share old profits in the ratio 5:4:3. The Profit and Loss Account has a credit balance of ₹1,44,000, while Preliminary Expenses amount to ₹36,000. What amount will be credited net to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a General Reserve of ₹72,000 and a Capital Reserve of ₹48,000. At the time of admission of a new partner, both reserves are to be distributed between A and B in their old profit-sharing ratio of 7:5. What total amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the Workmen Compensation Reserve is ₹1,40,000 and the claim against it is ₹92,000. After adjusting the claim, the remaining amount is to be distributed among the old partners in the ratio 7:5. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the old ratio of 2:3. The General Reserve is ₹1,25,000, and the Profit and Loss Account has a debit balance of ₹35,000. On the admission of a new partner, what will be the net effect on B’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the ratio 11:9. The General Reserve is ₹1,00,000 and Preliminary Expenses of ₹25,000 are to be written off. What net amount will be credited to B’s Capital Account at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe debit balance of the Profit and Loss Account is ₹30,000 and Preliminary Expenses amount to ₹18,000. The old partners share profits in the ratio 2:7. At the time of admission of a new partner, what total amount will be debited to the second old partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 5:3:2. The Contingency Reserve is ₹70,000, while the actual liability is ₹25,000. After adjustment, how much will be credited to Partner B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 3:4:5. The Investment Fluctuation Reserve is ₹96,000, and the loss on investment is ₹24,000. After adjusting the loss, how much will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 7:2:1. The General Reserve is ₹80,000 and the accumulated loss is ₹30,000. On the admission of a new partner, these items are adjusted through the old partners’ capital accounts. How much will be credited to A’s capital account after this adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 2:6:4. The General Reserve is ₹72,000 and the debit balance of the Profit and Loss Account is ₹96,000. After adjusting both items in the old ratio, what will be the net effect on B?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹75,000 and the General Reserve is ₹45,000. The old partners share profits in the ratio 1:2:3. What amount will be credited to the capital or current account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Bad Debts Reserve was ₹48,000, whereas actual bad debts were found to be ₹58,000. If the old partners share profits in the ratio 4:1, what amount of the excess loss should be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 5:1:2. At the time of admission of a new partner, the firm’s Profit and Loss Account has a credit balance of ₹96,000 and the Advertisement Suspense Account has a debit balance of ₹40,000. After adjustment in the old partners’ accounts, what net amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIn a firm, the Workmen Compensation Reserve is ₹72,000, while the Workmen Compensation claim amounts to ₹92,000. The old partners share profits in the ratio 3:2. What amount of the claim exceeding the reserve will be debited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio of 4:3:2. The General Reserve is ₹1,35,000 and the Profit and Loss Account has a debit balance of ₹45,000. On the admission of a new partner, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old partners of a firm share profits in the ratio of 5:2. The balance of Investment Fluctuation Reserve is ₹28,000, and Preliminary Expenses of ₹7,000 are to be written off. What will be the net effect on the second partner’s account after adjustment among the old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Dividend Equalisation Reserve is ₹57,000, and the Profit and Loss Account has a debit balance of ₹21,000. If A and B are old partners sharing profits in the ratio of 5:4, what will be the net effect on A?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Reserve Fund is ₹63,000 and the Capital Reserve is ₹27,000. Assuming that both amounts are to be distributed among the old partners on admission, A and B are the old partners sharing profits in the ratio of 1:2. What total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Investment Fluctuation Reserve is ₹54,000, and the value of the investments has decreased by ₹18,000. At the time of admission, after adjusting this decrease, the remaining reserve is distributed in the old profit-sharing ratio of 5:4. How much will the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOn the admission of a new partner, A, B and C share profits in the old ratio of 4:3:2. The Profit and Loss Account has a credit balance of ₹90,000, and Preliminary Expenses of ₹27,000 are yet to be adjusted. What net amount will be credited to B’s account after the adjustment among the old partners?Class 12Reconstitution - Admission of a PartnerReservesHard