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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 old balance sheet shows a general reserve of ₹75,000 and a debit balance of ₹15,000 in the Profit and Loss Account. What is the net accumulated profit based on these items?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf the old partners’ profit-sharing ratio is not given, on what basis is the reserve distributed when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, what is the effect of adjusting accumulated losses on the old partners’ capital?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA partnership firm has a Contingency Reserve of ₹58,000, against which an expected liability of ₹18,000 exists. On admission, what balance amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio 7:5. The General Reserve is ₹48,000 and the Profit and Loss Account has a credit balance of ₹24,000. On the admission of a new partner, what total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the General Reserve of ₹36,000 is distributed among the old partners. What will be the balance of General Reserve in the balance sheet after reconstitution?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Insurance Reserve is ₹12,600. If it is treated as a free reserve like the General Reserve, what will be done with it when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits in the ratio 3:2. The firm has a general reserve of ₹50,000, and a new partner C is admitted. What problem may arise if the reserve is not distributed among the old partners at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, a Capital Reserve of ₹24,000 appears in the books. The old partners share profits in the ratio of 1:1. What is the correct accounting treatment for this Capital Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhy is the reserve distributed among the old partners when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the credit balance of ₹24,000 in the Profit and Loss Account was distributed in the new profit-sharing ratio. What should be the correct basis for its distribution?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, in which ratio do the old partners bear the accumulated losses?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyCreditors were recorded at ₹2,25,000 and were settled by mutual agreement for ₹2,10,500. What effect will be recorded in the Revaluation Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn old bill payable amounted to ₹75,000. The creditor accepted ₹67,500 in full and final settlement. What effect will this have on the Revaluation Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf the old provision related to an asset is ₹4,200 and the revised provision required after reconstitution is ₹3,000, what entry will be made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAn existing partner’s old profit-sharing share is \(\frac{3}{10}\), and the new share after reconstitution is \(\frac{1}{4}\). What does this indicate?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in the ratio 7:2. C is admitted for a \(1/3\) share of the profits. The remaining profit will be shared by A and B in the ratio 3:1. What will be the new profit-sharing ratio?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard AccountancyA and B share profits in the ratio 2:3. C is admitted as a partner for a \(\frac{1}{4}\) share of profits. If the new mutual ratio of A and B is 3:2, which partner will gain?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard AccountancyA and B share profits in the ratio 3:2. C is admitted as a partner for a 1/5 share of profits. A sacrifices a 1/10 share of profits in favour of C. What will be the sacrificing ratio of A and B?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard AccountancyA and B have an old profit-sharing ratio of 3:1. C is admitted for a 1/4 share of the profits, and A’s new share is 1/2. What will be the new profit-sharing ratio of A, B and C?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard