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Reconstitution Of Partnership

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhat will be the interest for one year on a loan of ₹50,000 given to the firm by a retiring partner at 8% per annum?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen the amount due to a retiring partner is transferred to the partner’s loan account instead of being paid in cash, what is the effect on the firm?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen the amount due to a retiring partner is transferred to the partner’s loan account, how is it shown in the firm’s balance sheet?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyThe balance of a partner’s loan account, including interest, is ₹2,18,400, while the original loan was ₹2,10,000. What amount of interest was added to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhat is the appropriate accounting treatment of goodwill and profit up to the date of death in a deceased partner’s account?Class 12Reconstitution of PartnershipRetirement or Death of a PartnerHard AccountancyWhat is the most precise accounting principle governing goodwill adjustment on the retirement of a partner?Class 12Reconstitution of PartnershipRetirement or Death of a PartnerHard AccountancyA, B and C share profits in the ratio 13:5:7. B retires. If A and C continue to share profits between themselves in their old ratio, what will be the new profit-sharing ratio of A and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyA, B, C and D share profits and losses in the ratio 5:2:4:1. If B retires, what is the old mutual ratio of the remaining partners A, C and D?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosMedium AccountancyA, B, C and D share profits in the ratio 1:2:3:4. D retires, and A, B and C acquire his share equally. What will be the new profit-sharing ratio of A, B and C?Class 12Reconstitution of PartnershipRetirement or Death of a PartnerMedium AccountancyA and B share profits in the old ratio of 2:3, so A’s old share is 2/5. After reconstitution, the new profit-sharing ratio becomes 3:2. What is A’s gaining share?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyIf the remaining partners acquire the retiring partner’s share in the ratio of 4:1, what will be their gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyA, B and C share profits in the ratio 5:3:2. After C retires, the new profit-sharing ratio of A and B becomes 7:3. What will be A’s new share of profit?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyA, B and C share profits in the ratio 6:1:3. When C retires, A and B acquire C’s share in the ratio 2:1. What will be the new profit-sharing ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy 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 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 AccountancyAt the time of admission of a new partner, the Bad Debts Reserve was ₹48,000, whereas actual bad debts were found to be ₹58,000. If the old partners share profits in the ratio 4:1, what amount of the excess loss should be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert 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 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 AccountancyAt the time of reconstitution, the book value of investments is ₹1,50,000 and the Investment Fluctuation Reserve is ₹22,000. If the value of investments falls to ₹1,36,000, what amount of the loss will be adjusted against the reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, in which ratio is the debit balance of the Profit and Loss Account distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy