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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।

AccountancyA and B are old partners in 3:2. General Reserve ₹50000 was wrongly distributed among all in new ratio 2:2:1. What is the main correction principle?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyEmployees Provident Fund ₹40000 is given at admission. What is its correct treatment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a partner, the Profit and Loss Account has a credit balance of ₹60,000 and the General Reserve is ₹30,000. The old partners share profits in the ratio 2:3:4. How much of these accumulated profits will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf Investment Fluctuation Reserve exists and market value of investment is higher than book value which treatment is correct?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹92,000, while the probable liability amounts to ₹1,10,000. The old partners share profits in the ratio 6:5. What portion of the loss arising from this liability will be debited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIn a firm, A and B share profits and losses in the ratio of 4:3. At the time of admission, the General Reserve is ₹70,000 and the Capital Reserve is ₹42,000. New partner C is admitted. If both reserves are distributed among the old partners in their old ratio, what total amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyUnder fluctuating capital method what is the effect on old partners accounts when Advertisement Suspense is written off?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyUnder fixed capital method where will the net profit from General Reserve and Profit and Loss debit balance be credited?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhich pair shows the correct matching?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Bad Debts Reserve is ₹32,000, while the actual bad debts are ₹41,000. The old partners share profits in the ratio 3:2. After adjusting the reserve, what additional amount will be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Workmen Compensation Reserve is ₹1,20,000 and a claim of ₹45,000 exists against it. The remaining reserve is to be distributed among the old partners in the ratio 5:4:3. How much will be credited to the account of the third old partner?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 AccountancyIf General Reserve is not distributed at the time of admission which statement is most correct?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyCapital Reserve is ₹45000 and Preliminary Expenses are ₹18000. Old partners share 2:1. What is the correct entry for net adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyInvestment Fluctuation Reserve is ₹56000. Book value of investments is ₹280000 and market value is ₹247000. Old partners share 4:3. How much will be credited to the second partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Workmen Compensation Reserve is ₹84,000, while the actual claim is ₹1,00,000. The old partners share profits and losses in the ratio of 7:5. What amount of the additional loss will be debited to the capital account of the first old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The General Reserve is ₹1,20,000 and the Profit and Loss Account has a debit balance of ₹30,000. What is the net effect of adjusting these items on B’s Capital or Current Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThrough which account does the final adjustment of old reserves and accumulated losses reach old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits in the old ratio of 4:3:1. The total accumulated profit is ₹96,000 and the total accumulated loss is ₹32,000. What net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard 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