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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 the admission of a new partner, the Bad Debts Reserve is ₹30,000 and actual bad debts amount to ₹12,000. The old partners share profits in the ratio 7:3. What amount will be credited to the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOn admission of a new partner what does distributing old reserves make clear for the new firm?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Profit and Loss Account has a debit balance of ₹24,000, and Preliminary Expenses amount to ₹16,000. The old partners share profits in the ratio 3:5, with the second partner holding a 5/8 share. What total debit will be charged to the second partner at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerReservesExpert 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 AccountancyWhen may recording the net amount instead of separately recording reserve and accumulated loss be acceptable?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 AccountancyWhy is the new partner not included while distributing accumulated profits?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyGeneral Reserve ₹50000 and Employees Provident Fund ₹20000 appear on liabilities side. What amount will be distributed among old partners?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 AccountancyWorkmen Compensation Reserve is ₹60000 and claim is ₹25000. What is the correct journal logic?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share 2:1. At admission Reserve is ₹30000 and later new ratio will be 3:2:1. In which ratio will the reserve be distributed?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyFree Insurance Reserve is ₹36000 and there is no insurance claim. Old partners share 5:4. How much will be credited to the second partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhich item will generally not be credited to old partners?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 6:3:1. The General Reserve is ₹1,00,000 and the accumulated loss is ₹20,000. At the time of reconstitution, how much will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhy are accumulated profits and losses adjusted before admission?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf Profit and Loss credit balance is transferred to Revaluation Account what is the error?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancySpecial Reserve is ₹75000 and related claim is ₹28000. Old partners share 9:6. How much will be credited to the first partner?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 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 AccountancyBad Debts Reserve is ₹45000. Bad debts of ₹15000 are found and new provision on remaining debtors will be created separately. What reserve amount will be distributed among old partners?Class 12Reconstitution - Admission of a PartnerReservesExpert