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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 partnership firm has a Contingency Reserve of ₹88,000. Out of this reserve, ₹52,000 is required to be set aside for an estimated liability. The remaining amount is distributed in the old profit-sharing ratio of 2:3. How much will be received by the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, General Reserve of ₹45,000 and Capital Reserve of ₹27,000 are to be distributed between the old partners, A and B, in their old profit-sharing ratio of 5:4. What total amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a Workmen Compensation Reserve of ₹96,000, while the actual workmen compensation claim is ₹60,000. At the time of admission of a new partner, how much of the balance reserve will be credited to the second old partner if the old partners’ profit-sharing ratio is 5:3?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOn the admission of a new partner, old partners A and B share profits and losses in the ratio of 13:7. The General Reserve is ₹80,000, and Preliminary Expenses of ₹20,000 are to be written off. What will be the net credit to the Capital Account of old partner A?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 3:3:2. The General Reserve is ₹64,000 and the Advertisement Suspense Account has a balance of ₹24,000. What will be the net credit to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOn the admission of a new partner, the Bad Debts Reserve is ₹30,000 and actual bad debts amount to ₹12,000. The old partners share profits in the ratio 7:3. What amount will be credited to the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B are partners sharing profits in the old ratio of 9:6. The reserve is ₹75,000 and the debit balance of the Profit and Loss Account is ₹30,000. After adjusting these two items, the remaining amount is distributed in the old ratio. What will be A’s share?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 6:3:1. The General Reserve is ₹1,00,000 and the accumulated loss is ₹20,000. At the time of reconstitution, how much will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 1:4:5. The General Reserve is ₹50,000 and the Profit and Loss Account has a debit balance of ₹70,000. After adjusting these items among the old partners, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a partner, the Profit and Loss Account has a credit balance of ₹60,000 and the General Reserve is ₹30,000. The old partners share profits in the ratio 2:3:4. How much of these accumulated profits will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIn a firm, A and B share profits and losses in the ratio of 4:3. At the time of admission, the General Reserve is ₹70,000 and the Capital Reserve is ₹42,000. New partner C is admitted. If both reserves are distributed among the old partners in their old ratio, what total amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Bad Debts Reserve is ₹32,000, while the actual bad debts are ₹41,000. The old partners share profits in the ratio 3:2. After adjusting the reserve, what additional amount will be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 4:3:1. The total accumulated profit is ₹96,000 and the total accumulated loss is ₹32,000. What net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old partners share profits in the ratio 3:4. The balance of Investment Fluctuation Reserve is ₹21,000 and preliminary expenses amount to ₹7,000. On the admission of a new partner, what will be the net effect on the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the old partners share profits in the ratio 2:3. The General Reserve is ₹50,000 and the distributable balance of the Workmen Compensation Reserve is ₹25,000. What total amount will be credited to the account of the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIn a firm, a general reserve of ₹54,000 was distributed in the capital ratio 5:4 instead of the old profit-sharing ratio 2:1. Due to this error, how much less or more did the first partner receive than the correct amount?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old Balance Sheet shows an Insurance Reserve of ₹44,000. If the insurance claim amounts to ₹16,000 and A and B share profits in their old ratio of 5:6, what will be B’s share of the remaining Insurance Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits and losses in the ratio of 3:2. At the time of admission, preliminary expenses are ₹25,000 and the debit balance of the Profit and Loss Account is ₹15,000. If these items are written off in the old ratio, what total amount will be debited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAccumulated loss was shared in the capital ratio instead of the old profit-sharing ratio. What should be the correct basis for correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the Contingency Reserve is ₹90,000, out of which ₹52,000 is required to cover an expected liability. The old partners share profits in the ratio 3:2. What will be the first partner’s share of the balance?Class 12Reconstitution - Admission of a PartnerReservesHard