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Reconstitution

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

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 AccountancyAt the time of admission of a partner, if the General Reserve is ₹80,000 and the Profit and Loss Account has a debit balance of ₹95,000, what conclusion should be drawn after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of reconstitution of a firm, the Insurance Reserve is ₹52,000 and the insurance claim is ₹22,000. After adjusting the claim, how much of the remaining Insurance Reserve will the second partner receive in the old partnership ratio of 3:2?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Reserve Fund is ₹63,000 and the Capital Reserve is ₹27,000. Assuming that both amounts are to be distributed among the old partners on admission, A and B are the old partners sharing profits in the ratio of 1:2. What total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits in the ratio 3:3:2. The General Reserve is ₹64,000 and the Advertisement Suspense Account has a balance of ₹24,000. What will be the net credit to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Profit and Loss Account has a debit balance of ₹24,000, and Preliminary Expenses amount to ₹16,000. The old partners share profits in the ratio 3:5, with the second partner holding a 5/8 share. What total debit will be charged to the second partner at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 6:3:1. The General Reserve is ₹1,00,000 and the accumulated loss is ₹20,000. At the time of reconstitution, how much will be credited to B’s Capital Account?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 AccountancyAccumulated profit is ₹66000 and accumulated loss is ₹84000. In the old partnership ratio of 5:4, what will be the net effect on the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of a partner’s admission, the Contingency Reserve is ₹46,000, while the related actual liability is determined to be ₹59,000. What will be the additional loss arising from the liability exceeding the reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm has a Contingency Reserve of ₹82,000, against which the expected liability is ₹27,000. On the admission of a new partner, what amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B are partners sharing profits in the ratio of 5:4. The firm has a reserve balance of ₹54,000 and a debit balance in the Profit and Loss Account of ₹18,000. What will be the net effect of these two items?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Profit and Loss Account of a partnership firm has a debit balance of ₹36,000. The old partners A and B share profits and losses in the ratio of 7:5. At the time of reconstitution, what amount will be debited to partner A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm has a Contingency Reserve of ₹50000, against which an expected liability of ₹38000 is estimated. On the admission of a new partner, what balance of the reserve will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA, B and C are partners sharing profits in the old ratio of 1:2:3. At the time of reconstitution, the general reserve is ₹60,000. What amount will be credited to C’s account in the old ratio?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyDespite the new partnership ratio of 2:2:1, in what ratio will the general reserve be distributed among the old partners if their old ratio was 3:2?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, which account is debited in the entry for distributing general reserve among the old partners in their old profit-sharing ratio?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf accumulated profits or general reserve are not adjusted in the old partners’ accounts before the admission of a new partner, what problem will arise?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio of 7:3. The net accumulated loss is ₹40,000. At the time of reconstitution, how much will be debited to B’s capital account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio 3:2. At the time of reconstitution, net accumulated profit of ₹50,000 is to be distributed in the old ratio. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesEasy