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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।

AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The General Reserve is ₹1,20,000 and the Profit and Loss Account has a debit balance of ₹30,000. What is the net effect of adjusting these items on B’s Capital or Current Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThrough which account does the final adjustment of old reserves and accumulated losses reach old partners?Class 12Reconstitution - Admission of a PartnerReservesHard 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 AccountancyThe old balance sheet shows a debit balance of ₹40,000 in the Profit and Loss Account. A new partner is admitted for a 1/5 share of profits. What will be the new partner’s share in this old debit balance?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a General Reserve of ₹60,000. A new partner is admitted for a 1/4 share of profits. What will be the new partner’s share in the General Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim is less than the reserve who will get the remaining reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim against a reserve is zero what is its usual classification in exams?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old partners share profits in the ratio 3:4. The balance of Investment Fluctuation Reserve is ₹21,000 and preliminary expenses amount to ₹7,000. On the admission of a new partner, what will be the net effect on the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the old partners share profits in the ratio 2:3. The General Reserve is ₹50,000 and the distributable balance of the Workmen Compensation Reserve is ₹25,000. What total amount will be credited to the account of the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance of ₹54,000 was written off in the capital ratio 5:4 instead of the old ratio 2:1. What was the correct effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹54000 was written off in capital ratio 5:4 instead of old ratio 2:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIn a firm, a general reserve of ₹54,000 was distributed in the capital ratio 5:4 instead of the old profit-sharing ratio 2:1. Due to this error, how much less or more did the first partner receive than the correct amount?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhich statement is correct when a Reserve Fund has separate investments shown against it?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf both accumulated profits and accumulated losses are given what is better to do first?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyInsurance Reserve is ₹30,000 and the claim is ₹42,000. How will the excess claim be treated?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old Balance Sheet shows an Insurance Reserve of ₹44,000. If the insurance claim amounts to ₹16,000 and A and B share profits in their old ratio of 5:6, what will be B’s share of the remaining Insurance Reserve?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share profits and losses in the ratio 1:4:5. At the time of reconstitution, the General Reserve is ₹80,000 and Advertisement Suspense Expenditure is ₹30,000. What net amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits and losses in the ratio of 3:2. At the time of admission, preliminary expenses are ₹25,000 and the debit balance of the Profit and Loss Account is ₹15,000. If these items are written off in the old ratio, what total amount will be debited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAccumulated loss was shared in the capital ratio instead of the old profit-sharing ratio. What should be the correct basis for correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf old profits are adjusted in sacrificing ratio instead of old ratio what is the error?Class 12Reconstitution - Admission of a PartnerReservesHard