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Reserve Adjustment

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

AccountancyA partnership firm has a reserve of ₹36,000. If the deceased partner’s share in the profit-sharing ratio is 1/6, what amount of the reserve will be credited to the deceased partner’s Capital Account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyA partnership firm has a reserve of ₹80,000. If the deceased partner’s share in the profit-sharing ratio is 25%, what amount will be credited to the deceased partner’s account as his share of the reserve?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyThe Special Insurance Reserve is ₹85,000 and the insurance claim is ₹31,000. The old partners share profits in the ratio 7:6. After adjusting the insurance reserve, what amount will be credited to the second partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission, the old partners share profits in the ratio 2:3:5. The Workmen Compensation Reserve is ₹1,10,000, and an actual claim of ₹80,000 has been accepted against it. What amount will be credited to the capital account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits and losses in the ratio 3:5:4. The Contingency Reserve is ₹96,000, while the actual liability is determined to be ₹36,000. After this adjustment, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits and losses in the ratio of 4:5:6. The Investment Fluctuation Reserve is ₹1,20,000, and the loss on investment is ₹30,000. After adjusting the loss, how much of the remaining reserve will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert 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 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 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 AccountancyThe Workmen Compensation Reserve is ₹1,44,000, and a claim of ₹60,000 has been admitted against it. The old partners share profits in the ratio 7 : 3 : 2. After adjusting the reserve, what amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Workmen Compensation Reserve of ₹96,000, while the actual workmen compensation claim is ₹60,000. At the time of admission of a new partner, how much of the balance reserve will be credited to the second old partner if the old partners’ profit-sharing ratio is 5:3?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancySpecial Reserve is ₹64,000 and the related liability is ₹49,000. What amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Workmen Compensation Reserve is ₹70,000 and the claim against it is ₹30,000. What amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a new partner, the Workmen Compensation Reserve is ₹60,000 and the claim against it is settled at ₹45,000. If the old partners A and B share profits in the ratio 3:2, what will be A’s share of the remaining reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA reserve of Rs 40,000 was wrongly credited although it should have been debited. By how much will the distributable profit be overstated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard