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Profit And Loss Debit

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 debit balance of profit and loss account treated?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyOn dissolution, how is the debit balance of profit and loss account recorded in partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyUnder fluctuating capital method what is the effect on old partners accounts when Profit and Loss debit balance is written off?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA Profit and Loss debit balance of ₹90,000 was written off in the capital ratio 7:8 instead of the old ratio 4:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThree partners share old profits in the ratio 3:4:5. General Reserve is ₹180,000 and Profit and Loss debit balance is ₹60,000. What is the third partner’s net credit?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹66000 was shared equally instead of old ratio 4:7. What was the effect on the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹56000 was left in the new balance sheet. What should have been the correct correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf old partners are credited while closing debit balance of Profit and Loss Account what opposite effect will occur?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹60000 was shared equally among three including the new partner. In the correct treatment what should be the new partner's share?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf Profit and Loss debit balance has been credited to old partners what is the correct correction?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyProfit and Loss debit balance ₹72,000 was written off in capital ratio 5:4 instead of old ratio 3:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThree partners share old profits in 2:5:3. General Reserve is ₹1,20,000 and Profit and Loss debit balance is ₹50,000. What is the second partner's net credit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyProfit and Loss debit balance ₹45000 was shared equally instead of old ratio 2:3. What was the effect on the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹42000 was left in the new balance sheet. What should have been the correct correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld ratio is 8:7. Reserve Fund is ₹75000 and Profit and Loss debit balance is ₹30000. What is the net effect for the first partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyProfit and Loss debit balance ₹36000 was shared equally among three including the new partner. In the correct treatment what should be the new partner's share?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B are partners sharing profits in the old ratio of 7:3. The General Reserve is ₹1,00,000 and the Profit and Loss Account has a debit balance of ₹30,000. At the time of admission of a new partner, what will be the net effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf Profit and Loss debit balance is credited to old partners what is the correct correction?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyProfit and Loss debit balance ₹54000 was written off in capital ratio 5:4 instead of old ratio 2:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹33000 was left in the new balance sheet. If there was no special instruction what was the correct treatment?Class 12Reconstitution - Admission of a PartnerReservesHard