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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।

AccountancyReserve Fund is ₹168,000 and Preliminary Expenses are ₹48,000. In the old ratio of 5:7, what will be the net effect for the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the old ratio of 2:3. The General Reserve is ₹1,25,000, and the Profit and Loss Account has a debit balance of ₹35,000. On the admission of a new partner, what will be the net effect on B’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhat is the most common higher-level examination mistake when adjusting reserves at the admission of a partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits in the ratio 11:9. The General Reserve is ₹1,00,000 and Preliminary Expenses of ₹25,000 are to be written off. What net amount will be credited to B’s Capital Account at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 3:2:5. At the time of reconstitution, the Capital Reserve is ₹1,20,000 and the debit balance of the Profit and Loss Account is ₹50,000. What net amount will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf old partners share 7:5 and reserve ₹96000 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 4:5:3. The General Reserve is ₹96,000 and the Advertisement Suspense Account is ₹36,000. On reconstitution due to the admission of a partner, what net credit should be made to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancySpecial Reserve is ₹58000 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 ₹56000 among old partners in old ratio?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Bad Debts Reserve is ₹36,000, and the actual bad debts amount to ₹15,000. The old partners share profits in the ratio 4:5. After adjusting the reserve, what amount will be credited to the second old partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOn admission of a new partner what position becomes clear by distributing old reserves?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe debit balance of the Profit and Loss Account is ₹30,000 and Preliminary Expenses amount to ₹18,000. The old partners share profits in the ratio 2:7. At the time of admission of a new partner, what total amount will be debited to the second old partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 5:3:2. The Contingency Reserve is ₹70,000, while the actual liability is ₹25,000. After adjustment, how much will be credited to Partner B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhen may recording the net amount instead of separately recording reserve and accumulated loss be suitable?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyPartners A and B share profits and losses in the ratio of 11:7. The firm has a reserve of ₹90,000 and a debit balance of ₹36,000 in the Profit and Loss Account. On the admission of a new partner, if the net amount of these items is adjusted in the old ratio, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyGeneral Reserve ₹68000 and Employees Provident Fund ₹32000 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 3:4:5. The Investment Fluctuation Reserve is ₹96,000, and the loss on investment is ₹24,000. After adjusting the loss, how much will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWorkmen Compensation Reserve is ₹88000 and claim is ₹38000. What is the correct journal logic?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share 5:2. At admission Reserve is ₹49000 and later new ratio will be 3:3:1. In which ratio will the reserve be distributed?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyFree Insurance Reserve is ₹45000 and there is no insurance claim. Old partners share 8:7. How much will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert