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Profit Sharing Ratio

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 4:5:3. The General Reserve is ₹96,000 and the Advertisement Suspense Account is ₹36,000. On reconstitution due to the admission of a partner, what net credit should be made to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Bad Debts Reserve is ₹36,000, and the actual bad debts amount to ₹15,000. The old partners share profits in the ratio 4:5. After adjusting the reserve, what amount will be credited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits and losses in the ratio 5:4. The General Reserve is ₹81,000 and the Capital Reserve is ₹63,000. Before the admission of the new partner C, if both reserves are distributed among the old partners in their old profit-sharing ratio, what total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Workmen Compensation Reserve is ₹1,44,000, and a claim of ₹60,000 has been admitted against it. The old partners share profits in the ratio 7 : 3 : 2. After adjusting the reserve, what amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old balance sheet shows a General Reserve of ₹1,20,000. A new partner is admitted for a 1/5 share in the firm. What share of the General Reserve will be given to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of reconstitution, the Reserve Fund is ₹1,26,000 and the old partners share profits in the ratio 2:5:7. An amount of ₹54,000 was credited to the third old partner’s account. Which of the following statements is correct?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits and losses in the ratio 4:4:2. At the time of reconstitution, the Contingency Reserve is ₹50,000, whereas the actual liability is determined to be ₹20,000. After adjusting the actual liability, how much of the remaining amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 2:5:3. The Investment Fluctuation Reserve is ₹70,000 and the loss on investment is ₹10,000. How much of the remaining reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhat is the most correct accounting basis for distributing reserves?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 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 AccountancyThe Contingency Reserve is ₹64,000, and the related expected liability is ₹40,000. If A and B are partners sharing profits in the ratio of 3:5, how much will B receive from the remaining reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits in the ratio 4:3:2. The Contingency Reserve is ₹90,000, and a liability of ₹18,000 is to be adjusted against it. How much of the remaining reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOld partners share 1:1:2. Profit and Loss credit balance is ₹60,000 and Preliminary Expenses are ₹20,000. What is the third partner's net credit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm has a Contingency Reserve of ₹82,000, against which the expected liability is ₹27,000. On the admission of a new partner, what amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf the old accumulated loss is not adjusted before the admission of a new partner, which burden may unfairly fall on the new partner?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat is the effect of writing off an accumulated loss on the capital of the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy is the new partner not given a share in the old reserve created before his admission?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a debit balance of ₹28,000. A and B share profits in the old ratio of 3:4. What amount will be debited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, in what ratio will the general reserve be distributed among the old partners if the new ratio is 3:2:1 and the old ratio is 4:1?Class 12Reconstitution - Admission of a PartnerReservesEasy