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Partnership Reconstitution

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

AccountancyIn which situation may valuation of goodwill be necessary in a firm?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhen previously recorded goodwill is written off on the reconstitution of a partnership, which accounts are debited?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf, after retirement or reconstitution, a continuing partner’s new profit-sharing ratio becomes lower than his old ratio, what is the difference between the old and new shares called?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyA, B and C share profits in the ratio 2:6:2. B retires, and A and C acquire B’s share in the ratio 3:1. What will be the new profit-sharing ratio of A and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyIf B’s old profit-sharing ratio is \(7/20\) and the new profit-sharing ratio is \(9/20\), what is B’s gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyThe old profit-sharing shares of two remaining partners are \(5/12\) and \(1/4\), respectively, while their new shares after reconstitution are \(7/12\) and \(5/12\), respectively. What is their gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyA, B and C share profits in the ratio 4:3:5. B dies, and A and C acquire B’s share in the ratio 1:2. What will be the new profit-sharing ratio of A and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyAfter reconstitution, A’s new share is \(\frac{7}{12}\), while his old share was \(\frac{1}{3}\). What is A’s gaining share?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyA, B, C and D share profits in the ratio 2:2:3:3. When D retires, A, B and C acquire D’s share equally. What will be A’s new share of profit?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosMedium AccountancyA and B have old profit-sharing shares of \(1/3\) and \(2/3\), respectively. Their new profit-sharing ratio is \(1:1\). What is A’s gaining share?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyWhich formula is correct for finding a continuing partner’s gaining share?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyA, B, C and D share profits in the ratio 1:2:3:4. D retires, and A, B and C acquire his share equally. What will be the new profit-sharing ratio of A, B and C?Class 12Reconstitution of PartnershipRetirement or Death of a PartnerMedium AccountancyA, B, C and D share profits in the ratio 1:2:3:4. D retires, and A, B and C acquire D’s share equally. What will be A’s new profit-sharing ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosMedium AccountancyA and B share profits in the old ratio of \(3:2\). After reconstitution, their new profit-sharing ratio becomes \(4:1\). What will be the gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy 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 AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The General Reserve is ₹1,20,000 and the Profit and Loss Account has a debit balance of ₹30,000. What is the net effect of adjusting these items on B’s Capital or Current Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a debit balance of ₹40,000 in the Profit and Loss Account. A new partner is admitted for a 1/5 share of profits. What will be the new partner’s share in this old debit balance?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a General Reserve of ₹60,000. A new partner is admitted for a 1/4 share of profits. What will be the new partner’s share in the General Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share profits and losses in the ratio 1:4:5. At the time of reconstitution, the General Reserve is ₹80,000 and Advertisement Suspense Expenditure is ₹30,000. What net amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, A, B and C share profits in the old ratio of 2:3:5. The general reserve is ₹1,50,000 and preliminary expenses are ₹30,000. What net amount will be credited to C’s capital or current account?Class 12Reconstitution - Admission of a PartnerReservesHard