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Partner Admission

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

AccountancyAt the time of a partner’s admission, if the revaluation loss is debited to the old partners’ capital accounts, what will be its effect on their capital?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyOn the admission of a new partner, a revaluation profit of ₹15000 was earned. If the old partners share profits in the ratio 3:2, what will be the second partner’s share?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a partner, the value of office equipment is increased from ₹18,000 to ₹22,000. What will be the gain from the revaluation of the asset?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyA and B share profits and losses in the ratio 6:4. A revaluation profit of ₹65,000 is realised. How much will be credited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyPrepaid rent of ₹4,500 was not recorded in the books. What will be the effect of recording it at the time of admission of a new partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe debit total of the Revaluation Account is ₹54,000 and its credit total is ₹31,000. What will be the result of the account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of a partner’s admission, if the book value of land is ₹90,000 and its revalued value is ₹95,000, what will be the gain on revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAn existing partner’s old profit-sharing share is \(\frac{3}{10}\), and the new share after reconstitution is \(\frac{1}{4}\). What does this indicate?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA new partner brings ₹36,000 in cash as premium for goodwill. The old partners withdraw 50% of this premium in cash. What will be the net increase in the bank balance?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyOn the admission of a new partner, B’s old profit-sharing share is 2/5 and the new share is 3/10. What is B’s sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA and B sacrifice in the ratio 2:1. C brings ₹45,000 as goodwill premium. How much will A receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen the old partners withdraw the amount of goodwill premium, on which side is the Bank Account recorded in the journal entry for the withdrawal?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyA new partner brings ₹70,000 capital for a \(1/4\) share in the firm. Assuming the capital is contributed in proportion to the profit-sharing ratio, what is the estimated total capital of the firm?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyAt the time of reconstitution, goodwill of ₹25,000 recorded in the books is to be written off in the old ratio of 4:1. What amount will be debited to the first partner’s capital account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyPartner A's old profit-sharing ratio is 1/2 and the new profit-sharing ratio is 2/5. What is A's sacrifice ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyThe old partners immediately withdraw the goodwill premium brought in by the new partner. Which account will be credited in the journal entry for this withdrawal?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyAt the time of admission of a partner, goodwill already appearing in the books at ₹40,000 is written off in the old ratio of 3:2. By how much will the first partner’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyThe sacrificing ratio is 4:1 and the premium for goodwill is ₹25,000. How much of the premium will the first old partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf ₹30,000 is received in cash from the incoming partner as premium for goodwill and the old partners immediately withdraw it, what will be the net effect on the bank balance?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf old partners sacrifice equally, how will the premium for goodwill be distributed?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy