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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।

AccountancyIf the amount of a loan increases from ₹50,000 to ₹54,000, what will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyA and B share profits in the ratio of 1:2. The debit total of the Revaluation Account is ₹72,000 and its credit total is ₹27,000. What amount will be debited to B’s account for the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe existing provision is ₹3,500 and the new provision required after reconstitution is ₹9,000. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of reconstitution, a provision against an asset is increased from ₹2,400 to ₹3,000. What effect will this have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf the debit total of the Revaluation Account is ₹14,000 and the credit total is ₹19,000, what is the result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyMohan and Sohan share profits in the old ratio of 7:3. A revaluation loss of ₹20,000 is incurred. What will be Sohan’s share of this loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, on which side of the Revaluation Account is a decrease in the value of debtors recorded?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf accrued commission of ₹6,000 has not been recorded in the firm’s books and is recorded at the time of reconstitution, which entry will be passed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits in the ratio 3:2. At the time of admission of a new partner, a revaluation profit of ₹50,000 was earned. What will be A’s share of this revaluation profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe new profit-sharing ratio of A, B and C is 8:5:2. C is the new partner, and his share of the firm's goodwill is ₹44,000. What is the total goodwill of the firm?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyFor goodwill valuation, a firm's profits for the last three years are ₹60,000, ₹80,000 and ₹1,00,000 respectively. The weights for these years are 1:2:3 respectively. What will be the weighted average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in 5:3. C receives a 1/5 share, and the new ratio is 7:5:4. What will be the sacrificing ratio?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard AccountancyThe premium for goodwill brought in by the new partner is ₹75,000. The old partners’ sacrifices are \(\frac{2}{15}\) and \(\frac{1}{5}\), respectively. How much of the premium will the first old partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B share profits and losses in the ratio of 6:1. C is admitted for a 1/7 share, and the new ratio of the old partners becomes 5:1. C brings ₹35,000 as goodwill premium. To whom will this premium be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyThe average profit is ₹85,000, including an abnormal profit of ₹10,000. If the years’ purchase is 4, what is the goodwill based on the adjusted average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B share profits and losses in the ratio 4:1. C is admitted for a 1/5 share, and the new ratio of the old partners becomes 3:1. If C brings ₹25,000 as goodwill premium, who will receive the premium?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyThe average profit is ₹72,000, including an abnormal profit of ₹12,000. If the years’ purchase is 3, what is the correct value of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard 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 AccountancyAt the time of admission of a new partner, in which ratio is the old goodwill already appearing in the books written off?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyThe goodwill of a firm is ₹45,000, and a new partner acquires a 1/5 share in the firm. How much should the new partner bring for goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy