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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 share profits in the ratio 3:4:5. The Investment Fluctuation Reserve is ₹96,000, and the loss on investment is ₹24,000. After adjusting the loss, how much will be credited to C’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWorkmen Compensation Reserve is ₹88000 and claim is ₹38000. What is the correct journal logic?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share 5:2. At admission Reserve is ₹49000 and later new ratio will be 3:3:1. In which ratio will the reserve be distributed?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyFree Insurance Reserve is ₹45000 and there is no insurance claim. Old partners share 8:7. How much will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are partners sharing profits in the ratio 7:2:1. The General Reserve is ₹80,000 and the accumulated loss is ₹30,000. On the admission of a new partner, these items are adjusted through the old partners’ capital accounts. How much will be credited to A’s capital account after this adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhy are accumulated profits and losses adjusted before admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf Profit and Loss credit balance is sent to Revaluation Account what is the error?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyGeneral Reserve is ₹90000 and Investment Fluctuation Reserve is ₹42000. Investment loss is ₹18000. Old partners share 5:3. What total will be credited to first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancySpecial Reserve is ₹88000 and related claim is ₹33000. Old partners share 5:6. How much will be credited to the second partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyWhat is the basic accounting principle for distributing reserves?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA, B and C share profits in the old ratio of 2:6:4. The General Reserve is ₹72,000 and the debit balance of the Profit and Loss Account is ₹96,000. After adjusting both items in the old ratio, what will be the net effect on B?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyBad Debts Reserve is ₹52000. Bad debts of ₹19000 are found and new provision on remaining debtors will be created separately. What reserve amount will be distributed among old partners?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B are old partners in 7:5. General Reserve ₹96000 was wrongly distributed among all in new ratio 4:3:5. What is the main correction principle?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyEmployees Provident Fund ₹55000 is given at admission. What is its correct treatment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹75,000 and the General Reserve is ₹45,000. The old partners share profits in the ratio 1:2:3. What amount will be credited to the capital or current account of the third old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf Investment Fluctuation Reserve exists and market value of investment is ₹18000 higher than book value which treatment is correct?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA firm has a Contingency Reserve of ₹1,05,000, while the related probable liability is estimated at ₹1,26,000. The old partners share profits in the ratio of 2:5. On the admission of a new partner, what amount of loss will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA and B share profits and losses in the ratio 5:4. The General Reserve is ₹81,000 and the Capital Reserve is ₹63,000. Before the admission of the new partner C, if both reserves are distributed among the old partners in their old profit-sharing ratio, what total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyUnder fluctuating capital method what is the effect on old partners accounts when Preliminary Expenses are written off?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyUnder fixed capital method where will the net profit from General Reserve and Advertisement Suspense be credited?Class 12Reconstitution - Admission of a PartnerReservesExpert