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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।

AccountancyCapital Reserve is ₹44000 and old partners share 8:3. How much will be credited to the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a partner’s admission, why is Employees’ Provident Fund not distributed among the old partners like a reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyInvestment Fluctuation Reserve is ₹24000 and investment value rises from ₹120000 to ₹129000. What is the correct treatment?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWorkmen Compensation Reserve is ₹42000 and claim is also ₹42000. What amount will go to old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWorkmen Compensation Reserve is ₹95,000 and the claim is ₹35,000. What amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWorkmen Compensation Reserve is ₹76000 and there is no claim. What happens on admission?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 AccountancyWhich is the correct journal entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhy are reserves distributed in old profit sharing ratio at admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of a new partner’s admission, A, B and C are old partners sharing profits in the ratio 2:3:4. The Reserve Fund is ₹108000. What amount will be credited to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyProfit and Loss Account has credit balance ₹45000. Old partners A and B share 4:1. What is B share?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf Insurance Reserve appears in the old balance sheet and no claim is pending what is its usual treatment on admission?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission where is the final effect of old reserves and old losses shown?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, accumulated loss was distributed among all partners, including the new partner. What is the main accounting error?Class 12Reconstitution - Admission of a PartnerReservesEasy 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 AccountancyHow is Contingency Reserve usually treated on admission if there is no specific liability?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of reconstitution, the Dividend Equalisation Reserve is ₹24,000. A and B are the old partners and share profits equally. How much will each partner receive from the reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA partnership firm has a general reserve of ₹36,000. The old profit-sharing ratio of A and B is 5:4. On the admission of a new partner, what amount will be credited to B’s Capital Account as his share of the general reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich item will be debited to old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich item will be credited to the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy