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Reserves

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

AccountancyOn the admission of a new partner, A, B and C share profits in the old ratio of 4:3:2. The Profit and Loss Account has a credit balance of ₹90,000, and Preliminary Expenses of ₹27,000 are yet to be adjusted. What net amount will be credited to B’s account after the adjustment among the old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf old partners capital accounts are credited while writing off accumulated loss what will be the effect?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf General Reserve Account is credited while closing old reserve what is the error?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld balance sheet shows Reserve Fund ₹100000 and Reserve Fund Investment ₹100000. What will be the treatment of Reserve Fund on admission?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Contingency Reserve is ₹34,000, whereas the related actual liability is determined to be ₹41,000. What is the correct accounting treatment for the liability exceeding the reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA partnership firm has a Contingency Reserve of ₹88,000. Out of this reserve, ₹52,000 is required to be set aside for an estimated liability. The remaining amount is distributed in the old profit-sharing ratio of 2:3. How much will be received by the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a Dividend Equalisation Reserve of ₹64,000 and Advertisement Suspense Expenditure of ₹16,000. At the admission of a new partner, what will be the net effect on the second partner’s Capital Account in the old partnership ratio of 3:5?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, General Reserve of ₹45,000 and Capital Reserve of ₹27,000 are to be distributed between the old partners, A and B, in their old profit-sharing ratio of 5:4. What total amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits in the ratio 4:1. On the admission of new partner C, a General Reserve of ₹75,000 was wrongly distributed among A, B and C in the new ratio of 3:1:1. How much less or more did A receive than the amount he should have received?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInvestment Fluctuation Reserve is ₹40000 and investments increase from ₹250000 to ₹270000. What is the correct treatment of the reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Investment Fluctuation Reserve is ₹24,000. The value of an investment falls from ₹1,80,000 to ₹1,48,000. What excess loss will be shown in the Revaluation Account after adjusting the Investment Fluctuation Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWorkmen Compensation Reserve is ₹55000 and claim is ₹72000. What is the correct accounting effect of the excess claim?Class 12Reconstitution - Admission of a PartnerReservesHard 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 AccountancyA and B are partners sharing profits in the old ratio of 7:3. The General Reserve is ₹1,00,000 and the Profit and Loss Account has a debit balance of ₹30,000. At the time of admission of a new partner, what will be the net effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhat is the most common exam mistake in adjustment of reserves at admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOn the admission of a new partner, old partners A and B share profits and losses in the ratio of 13:7. The General Reserve is ₹80,000, and Preliminary Expenses of ₹20,000 are to be written off. What will be the net credit to the Capital Account of old partner A?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhy does the new partner's account not appear in the entry for distributing accumulated profits?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhich statement is correct for Investment Fluctuation Reserve when investment loss is less than the reserve?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 2:3:5. The firm has a Capital Reserve of ₹100000 and a debit balance of ₹40000 in the Profit and Loss Account. What net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf old partners share 5:3 and reserve ₹80000 is wrongly distributed equally which partner received less and by how much?Class 12Reconstitution - Admission of a PartnerReservesExpert