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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 firm has an Investment Fluctuation Reserve of ₹72,000, while the value of its investments has fallen by ₹27,000. After adjusting this fall, the remaining amount is distributed between the old partners in the ratio 5:4. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, a firm’s Investment Fluctuation Reserve is ₹48,000 and the fall in the value of investments is also ₹48,000. What will be the final accounting result?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWorkmen Compensation Reserve is ₹54000 and claim is also ₹54000. What amount is distributable among old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyReserve Fund is ₹154000. Old partners share in 3:4:7. The third partner's share was wrongly recorded as ₹70000. Which statement is correct?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAccumulated profit is ₹64,000 and accumulated loss is ₹100,000. In the old ratio of 7:5, what is the net effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld ratio is 11:9. Reserve Fund is ₹120,000 and Profit and Loss debit balance is ₹50,000. What is the net effect for the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share old profits in the ratio 5:4:3. The Profit and Loss Account has a credit balance of ₹1,44,000, while Preliminary Expenses amount to ₹36,000. What amount will be credited net to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf old partners are credited while closing debit balance of Profit and Loss Account what opposite effect will occur?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf old partners capital accounts are debited while closing General Reserve what error will occur?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAn old balance sheet shows Reserve Fund of ₹1,60,000 and Reserve Fund Investment of ₹1,60,000. What is the correct treatment on admission of a partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Contingency Reserve is ₹46,000, whereas the actual liability is found to be ₹58,000. At the time of admission of a new partner, what is the correct accounting treatment of this excess liability?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm's Contingency Reserve is ₹1,05,000, and the related estimated liability is ₹65,000. If the remaining reserve is distributed in the old partnership ratio of 3:5, what will be the first partner's share?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyDividend Equalisation Reserve is ₹90,000 and Advertisement Suspense Expenditure is ₹30,000. In the old ratio of 4:6, what is the net effect for the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a General Reserve of ₹72,000 and a Capital Reserve of ₹48,000. At the time of admission of a new partner, both reserves are to be distributed between A and B in their old profit-sharing ratio of 7:5. What total amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B are partners sharing profits in the old ratio of 5:3. At the admission of a new partner C, the General Reserve of ₹96,000 was mistakenly distributed among A, B and C in the new ratio of 2:3:1. How much less did A receive compared with the amount A should have received under the old ratio?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInvestment Fluctuation Reserve is ₹39000 and investments increase from ₹310000 to ₹328000. What is the correct treatment of the reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInvestment Fluctuation Reserve is ₹28,000 and investments fall from ₹190,000 to ₹145,000. What will be the excess loss?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInvestment Fluctuation Reserve is ₹85000. Investments fall from ₹420000 to ₹365000. What balance amount will be distributed among old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWorkmen Compensation Reserve is ₹65000 and actual claim is ₹88000. What is the correct treatment of the excess claim?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the Workmen Compensation Reserve is ₹1,40,000 and the claim against it is ₹92,000. After adjusting the claim, the remaining amount is to be distributed among the old partners in the ratio 7:5. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard