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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।

AccountancyAt the time of admission of a partner, how is the debit balance of the Profit and Loss Account treated?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, what does the old firm's general reserve represent?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyOld partners A, B and C share 2:3:5. General Reserve is ₹100000 and new partner D is admitted. Why will D not get a share in the reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B are old partners sharing 9:4. Bad Debts Reserve is ₹26000 and there are no additional bad debts. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf General Reserve appears on liabilities side of balance sheet why is it not treated as outside liability?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyTwo old partners share profits in the ratio 3:2. The firm has a General Reserve of ₹50,000 and a Capital Reserve of ₹25,000. On the admission of a new partner, what total amount will be credited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA and B share profits and losses in the ratio of 4:3. The General Reserve is ₹70,000 and the Advertisement Suspense Account has a balance of ₹21,000. At the time of admission of a new partner, what will be the net credit to B’s account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhen both accumulated profit and accumulated loss exist at the time of a partner’s admission, what is the quick and correct method of adjustment?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat is the normal balance of a reserve account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat is the main reason for distributing reserve in old ratio?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of admission of a partner, what is the effect of adjusting accumulated losses on the old partners’ capital?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat type of item is debit balance of Profit and Loss Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhat type of item is credit balance of Profit and Loss Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf a related claim is given with a special reserve what is done first?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Contingency Reserve amounts to ₹25,000, whereas the actual liability is ₹31,000. What will be the additional loss in this situation?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA partnership firm has a Contingency Reserve of ₹58,000, against which an expected liability of ₹18,000 exists. On admission, what balance amount will be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyInsurance Reserve is ₹22000. If there is no related claim what is its treatment on admission?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyGeneral Reserve is ₹56000 and old partners share 5:2. If it is wrongly shared equally who will lose?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThree old partners share profits in the ratio 6:2:1, and the General Reserve is ₹81000. How much will be credited to the account of the third old partner when the reserve is distributed?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyUnder fluctuating capital method where is accumulated loss debited?Class 12Reconstitution - Admission of a PartnerReservesMedium