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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।

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 old balance sheet shows a General Reserve of ₹1,50,000. A new partner is admitted for a 1/6 share of profits. What amount of the General Reserve will be credited to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim is more than the reserve how can the excess part be treated?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim is less than the reserve how will the balance be distributed?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf there is no related claim against a specific reserve who will get the entire reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe profit-sharing ratio of two old partners in a firm is 6:5. The balance of Investment Fluctuation Reserve is ₹44,000, while Preliminary Expenses of ₹11,000 are still un written. On the admission of a new partner, what will be the net effect on the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld partners share profits in the ratio 5:4. General Reserve is ₹99,000 and the distributable balance of Workmen Compensation Reserve is ₹27,000. How much total will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA Profit and Loss debit balance of ₹90,000 was written off in the capital ratio 7:8 instead of the old ratio 4:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf the General Reserve is ₹95,000 and the debit balance of the Profit and Loss Account is ₹1,10,000, what is the first conclusion after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Insurance Reserve is ₹44,000, whereas the insurance claim admitted is ₹62,000. At the time of admission of a partner, what will be the accounting treatment of the excess claim amount?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of a partner’s admission, the Insurance Reserve is ₹68,000 and the insurance claim is ₹26,000. If the remaining reserve is distributed between the old partners in the ratio 2:5, how much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share old profits in the ratio 3:4:5. General Reserve is ₹180,000 and Profit and Loss debit balance is ₹60,000. What is the third partner’s net credit?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹66000 was shared equally instead of old ratio 4:7. What was the effect on the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share old profits in the ratio 9:6. General Reserve ₹1,05,000 and Profit and Loss credit balance ₹45,000 were wrongly shared equally. How much less or more did A receive?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, what is the main accounting error in adjusting accumulated loss by including the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Contingency Reserve amounts to ₹96,000. A fixed liability of ₹56,000 is to be paid out of this reserve. The remaining reserve will be distributed among the old partners in the ratio of 6:4. What amount will the first partner receive?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 AccountancyA partnership firm has a Reserve Fund of ₹81,000 and a Capital Reserve of ₹45,000. On the admission of a new partner, these amounts are to be distributed between the old partners, A and B, in their old profit-sharing ratio of 4:5. What total amount will be credited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹56000 was left in the new balance sheet. What should have been the correct correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyGeneral Reserve ₹99000 from old balance sheet is shown in new balance sheet without adjustment. If there is no special instruction what was the correct treatment?Class 12Reconstitution - Admission of a PartnerReservesHard