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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।

AccountancyFor what purpose are accumulated profits and losses adjusted on admission?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf the old accumulated loss is not adjusted before the admission of a new partner, which burden may unfairly fall on the new partner?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf accumulated profit is not adjusted, the new partner may wrongly get a share in what?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio 8:5. The firm has a net accumulated loss of ₹39,000. What amount will be debited to B’s Capital Account for this loss?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, A and B share profits and losses in the ratio of 3:2. If the net accumulated profit is ₹65,000, what amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe reserve fund is ₹70,000 and advertisement suspense expenditure is ₹25,000. What will be the net profit amount for the old partners after adjustment?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe General Reserve is ₹52,000 and the debit balance of the Profit and Loss Account is ₹12,000. What will be the net accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat is the effect of writing off an accumulated loss on the capital of the old partners?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat is the normal balance of Preliminary Expenses Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat type of balance does the General Reserve Account have?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the admission of a new partner, if the old profit-sharing ratio of the existing partners is not given, in what ratio are they generally assumed to share profits?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe capital reserve is ₹66,000, and the old profit-sharing ratio of A and B is 7:4. At the time of admission of a new partner, what amount will be credited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, a reserve fund of ₹81,000 is to be distributed among the old partners in their old ratio of 4:4:1. How much will the third old partner receive?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA, B and C are partners sharing profits in the old ratio of 1:2:3. At the time of reconstitution, the general reserve is ₹60,000. What amount will be credited to C’s account in the old ratio?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf the value of investments increases instead of falling, what is the usual treatment of Investment Fluctuation Reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA firm has an Investment Fluctuation Reserve of ₹16,000, while the value of its investments has decreased by ₹21,000. At the time of admission of a partner, how will the excess decrease be treated?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, the Investment Fluctuation Reserve is ₹27,000 and the decrease in the value of investments is ₹11,000. What amount will remain for distribution among the old partners after adjusting the decrease in investments?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of reconstitution, the book value of investments is ₹1,50,000 and the Investment Fluctuation Reserve is ₹22,000. If the value of investments falls to ₹1,36,000, what amount of the loss will be adjusted against the reserve?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyInvestment Fluctuation Reserve is related to which asset?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWorkmen Compensation Reserve is ₹35,000 and the claim is ₹42,000. What is the excess claim?Class 12Reconstitution - Admission of a PartnerReservesEasy