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Reconstitution Admission Of A Partner

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 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 AccountancyOld partners share 3:2. General Reserve ₹50000 and Employees Provident Fund ₹40000 are given. What amount will go to old partners in reserve adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Special Insurance Reserve is ₹85,000 and the insurance claim is ₹31,000. The old partners share profits in the ratio 7:6. After adjusting the insurance reserve, what amount will be credited to the second partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert 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 AccountancyAt the time of admission of a new partner, the Bad Debts Reserve is ₹72,000 and actual bad debts are found to be ₹42,000. The old partners share profits in the ratio of 4:5. How much of the remaining Bad Debts Reserve will be credited to the second partner’s Capital Account after adjusting the bad debts?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf accumulated profit ₹80000 is distributed in new ratio including new partner instead of old partners what is the main accounting defect?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 5:4:3. The General Reserve is ₹96,000 and Preliminary Expenses are ₹60,000. What will be the net credit to B’s Capital Account for these adjustments?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits and losses in the ratio of 9:4. The Contingency Reserve is ₹78,000, whereas the actual liability is ₹91,000. What amount of the additional loss will be debited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission, the old partners share profits in the ratio 2:3:5. The Workmen Compensation Reserve is ₹1,10,000, and an actual claim of ₹80,000 has been accepted against it. What amount will be credited to the capital account of the third old partner?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 and B share profits in the ratio 5:3. A Tax Adjustment Reserve is ₹64,000 and the final tax liability is ₹40,000. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe old partners share profits in the ratio 4:3. The Investment Fluctuation Reserve is ₹70,000 and the loss on investment is ₹46,000. After adjusting the reserve, how much will be credited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA B and C share 6:5:4. Machinery Replacement Reserve is ₹90000 and there is no definite replacement liability. How much will be credited to B?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits in the ratio of 7:6. The General Reserve is ₹91,000 and Preliminary Expenses are ₹26,000. At the admission of a new partner, what will be the net credit to B’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 AccountancyIf old partners share 8:5 and reserve ₹104000 is wrongly distributed equally which partner received less and by how much?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 5:5:2. The balance of General Reserve is ₹108,000, and Advertisement Suspense has a debit balance of ₹36,000. After adjusting these items, what net amount will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancySpecial Reserve is ₹66000 and there is no related claim. What is the correct conclusion?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhich entry is correct for distributing accumulated loss ₹72000 among old partners in old ratio?Class 12Reconstitution - Admission of a PartnerReservesExpert