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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।

AccountancyWhich is the correct entry to close General Reserve ₹72000?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhat is the effect on old partners capital accounts in the entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhy is accumulated profit not given to the new partner at admission?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyAt the time of admission of a new partner, a firm's Reserve Fund has a balance of ₹63,000. The old partners share profits in the ratio 5:4. What amount of the Reserve Fund will be credited to the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyProfit and Loss Account has credit balance ₹54000. A B and C are old partners in 2:2:5. What is C share?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyA and B are old partners sharing 5:2. Contingency Reserve is ₹49000 and there is no known liability. How much will be credited to B?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyAt the time of admission of a new partner, the Reserve Fund is ₹75,500. If the old partners share profits in the ratio 3:2, how much of the Reserve Fund will be credited to the second old partner?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyOn the admission of a new partner, preliminary expenses of ₹15,000 are to be written off. The old partners A and B share profits in the ratio 2:1. How much will be debited to A’s Capital Account when these expenses are written off?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhich item is treated as accumulated loss or item to be written off?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhich of the following items is an example of accumulated profit?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyOld partners share 6:4 and General Reserve is ₹50000. If it is wrongly distributed equally who will lose?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyAt the time of admission of a new partner, the General Reserve of ₹36,000 is distributed among the old partners. What will be the balance of General Reserve in the balance sheet after reconstitution?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyIf a special reserve is created for a real liability what should be checked first?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyThe Insurance Reserve is ₹12,600. If it is treated as a free reserve like the General Reserve, what will be done with it when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyA and B share profits and losses in the ratio of 4:1. The reserve is ₹20,000 and the Advertisement Suspense Account has a balance of ₹5,000. What will be the net credit to A’s account?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyInvestment Fluctuation Reserve is ₹25000 and loss on investment is ₹35000. What is the extra loss?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWorkmen Compensation Reserve is ₹55000 and claim is ₹55000. What amount will go to old partners?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyA and B share profits in the ratio 3:2. The firm has a general reserve of ₹50,000, and a new partner C is admitted. What problem may arise if the reserve is not distributed among the old partners at the time of admission?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhy is the sacrificing ratio not used to distribute accumulated reserves among the old partners when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhich ratio is the basis for distributing reserves?Class 12Reconstitution - Admission of a PartnerReservesMedium

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