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Partnership Accounting

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

AccountancyA firm's Insurance Reserve is ₹44,000, whereas the insurance claim admitted is ₹62,000. At the time of admission of a partner, what will be the accounting treatment of the excess claim amount?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has an Investment Fluctuation Reserve of ₹72,000, while the value of its investments has fallen by ₹27,000. After adjusting this fall, the remaining amount is distributed between the old partners in the ratio 5:4. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Contingency Reserve is ₹46,000, whereas the actual liability is found to be ₹58,000. At the time of admission of a new partner, what is the correct accounting treatment of this excess liability?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a Contingency Reserve of ₹75,000. A fixed liability of ₹45,000 is to be settled out of this reserve. The remaining amount will be distributed between the old partners in the ratio of 4:1. How much will the second partner receive?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 AccountancyAt the time of admission of a partner, the Investment Fluctuation Reserve is ₹30,000 and the fall in the value of investments is also ₹30,000. What will be the final accounting result?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 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 AccountancyAt the time of admission of a new partner, A, B and C share profits in the ratio 5:2:1. If the Capital Reserve is ₹64,000 and is to be distributed among the old partners in their old ratio, what will be B’s share?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, why is Employees’ Provident Fund not distributed among the old partners like a reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of reconstitution, the Dividend Equalisation Reserve is ₹24,000. A and B are the old partners and share profits equally. How much will each partner receive from the reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the admission of a new partner, if the old profit-sharing ratio of the existing partners is not given, in what ratio are they generally assumed to share profits?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy is the new partner not given a share in the old reserve created before his admission?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, the credit balance of the Profit and Loss Account amounting to ₹42,000 is to be distributed between the old partners A and B in their old profit-sharing ratio of 4:3. What amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen accumulated profits are distributed among the old partners on the admission of a new partner, why are their capital accounts credited?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B are old partners sharing profits in the ratio of 2:3. At the time of admission of a new partner, the credit balance of the Profit and Loss Account amounting to ₹25,000 is to be distributed in the old ratio. What amount will be credited to B?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy is it incorrect to distribute an old reserve in the new profit-sharing ratio when a partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy is Employees’ Provident Fund not distributed among the old partners when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the Reserve Fund is ₹75,500. If the old partners share profits in the ratio 3:2, how much of the Reserve Fund will be credited to the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOn the admission of a new partner, preliminary expenses of ₹15,000 are to be written off. The old partners A and B share profits in the ratio 2:1. How much will be debited to A’s Capital Account when these expenses are written off?Class 12Reconstitution - Admission of a PartnerReservesMedium