Skip to content

Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

RELATED QUESTIONS

Profit And Loss Account

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

AccountancyOn dissolution, how is the credit balance of the Profit and Loss Account treated?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioEasy AccountancyHow is the debit balance of the Profit and Loss Account distributed on dissolution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyOn the dissolution of a firm, which of the following accounts is generally not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyInterest paid on a partner’s loan account is what type of item for the firm?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyHow is interest payable on a partner’s loan treated in the Profit and Loss Account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyTo which account is the interest payable on a retiring partner’s loan debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyA and B share profits and losses in the ratio of 6:4. The Profit and Loss Account has a credit balance of ₹70,000, while the accumulated loss is ₹90,000. What will be the net effect on A at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 2:5:3. At the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹120000 and the Advertisement Suspense Account has a debit balance of ₹50000. What will be the net adjustment made in B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old partners share profits and losses in the ratio of 7:3. The Profit and Loss Account has a credit balance of ₹50,000, and the Advertisement Suspense Account has a balance of ₹80,000. On admission of a new partner, what will be the net effect on the first partner’s Capital/Current Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share old profits in the ratio 5:4:3. The Profit and Loss Account has a credit balance of ₹1,44,000, while Preliminary Expenses amount to ₹36,000. What amount will be credited net to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹75,000 and the General Reserve is ₹45,000. The old partners share profits in the ratio 1:2:3. What amount will be credited to the capital or current account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 5:1:2. At the time of admission of a new partner, the firm’s Profit and Loss Account has a credit balance of ₹96,000 and the Advertisement Suspense Account has a debit balance of ₹40,000. After adjustment in the old partners’ accounts, what net amount will be credited to A’s 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 AccountancyA, B and C share profits in the ratio 3:2:1. The Profit and Loss Account has a credit balance of ₹72,000, and Advertisement Suspense Account has a debit balance of ₹30,000. On admission of a new partner, what will be C’s net share?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, if the old partners’ capital accounts are credited while closing the debit balance of the Profit and Loss Account, what accounting error does this indicate?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhich item will be credited to the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe General Reserve is ₹52,000 and the debit balance of the Profit and Loss Account is ₹12,000. What will be the net accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe old balance sheet shows a general reserve of ₹75,000 and a debit balance of ₹15,000 in the Profit and Loss Account. What is the net accumulated profit based on these items?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 AccountancyA and B share profits and losses in the ratio of 2:3. The General Reserve is ₹25,000 and the Profit and Loss Account has a debit balance of ₹10,000. What is the net accumulated amount to be distributed among the partners before the admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesMedium