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Profit And Loss Debit Balance

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

AccountancyA, B and C share profits in the ratio 1:2:3. On the admission of a new partner, the Capital Reserve is ₹90,000 and the Profit and Loss Account has a debit balance of ₹12,000. What net amount will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the General Reserve is ₹1,26,000 and the Profit and Loss Account has a debit balance of ₹54,000. If these two items are adjusted among the old partners in the ratio of 3:2:1, what amount will be credited net to the first partner’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio of 4:2:4. The Capital Reserve is ₹1,30,000 and the debit balance of the Profit and Loss Account is ₹60,000. What net credit will be made to A’s Capital Account on reconstitution?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits in the ratio of 7:3. At the time of admission of a new partner, there is a reserve of ₹1,10,000 and a debit balance of ₹40,000 in the Profit and Loss Account. If the net balance after adjustment is distributed in the old ratio, what amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 5:3:4. At the time of reconstitution, the General Reserve is ₹60,000 and the Profit and Loss Account has a debit balance of ₹1,08,000. What will be the net effect of these two items on C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio of 3:4:5. The General Reserve is ₹1,44,000 and the Profit and Loss Account has a debit balance of ₹24,000. On the admission of a new partner, what will be the net effect on B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a debit balance of ₹72,000 in the Profit and Loss Account. A new partner is admitted for a 1/3 share. What will be the new partner’s share in this old accumulated loss?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Dividend Equalisation Reserve is ₹76,000 and the debit balance of the Profit and Loss Account is ₹28,000. A and B share profits in the old ratio of 3:5. What will be the net effect on B’s Capital Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld ratio is 11:9. Reserve Fund is ₹120,000 and Profit and Loss debit balance is ₹50,000. What is the net effect for the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the old ratio of 2:3. The General Reserve is ₹1,25,000, and the Profit and Loss Account has a debit balance of ₹35,000. On the admission of a new partner, what will be the net effect on B’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits in the ratio 3:2:5. At the time of reconstitution, the Capital Reserve is ₹1,20,000 and the debit balance of the Profit and Loss Account is ₹50,000. What net amount will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyPartners A and B share profits and losses in the ratio of 11:7. The firm has a reserve of ₹90,000 and a debit balance of ₹36,000 in the Profit and Loss Account. On the admission of a new partner, if the net amount of these items is adjusted in the old ratio, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the old ratio of 2:6:4. The General Reserve is ₹72,000 and the debit balance of the Profit and Loss Account is ₹96,000. After adjusting both items in the old ratio, what will be the net effect on B?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a debit balance of ₹50,000 in the Profit and Loss Account. A new partner is admitted for a 1/4 share in future profits. What will be the new partner’s share in this accumulated loss of the old period?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a partner, if the General Reserve is ₹80,000 and the Profit and Loss Account has a debit balance of ₹95,000, what conclusion should be drawn after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Dividend Equalisation Reserve is ₹57,000, and the Profit and Loss Account has a debit balance of ₹21,000. If A and B are old partners sharing profits in the ratio of 5:4, what will be the net effect on A?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C are partners sharing profits in the ratio 2:3:5. The firm has a Capital Reserve of ₹100000 and a debit balance of ₹40000 in the Profit and Loss Account. What net amount will be credited to B’s account?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 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 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