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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 pair shows the correct classification?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAt the time of admission of a new partner, the Bad Debts Reserve was ₹48,000, whereas actual bad debts were found to be ₹58,000. If the old partners share profits in the ratio 4:1, what amount of the excess loss should be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe Workmen Compensation Reserve is ₹1,44,000, and a claim of ₹60,000 has been admitted against it. The old partners share profits in the ratio 7 : 3 : 2. After adjusting the reserve, what amount will be credited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 5:1:2. At the time of admission of a new partner, the firm’s Profit and Loss Account has a credit balance of ₹96,000 and the Advertisement Suspense Account has a debit balance of ₹40,000. After adjustment in the old partners’ accounts, what net amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf General Reserve is left at admission and kept in the books of the new firm what is the most suitable concern?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyCapital Reserve is ₹54000 and Preliminary Expenses are ₹21000. Old partners share 6:5. What is the correct entry for net adjustment?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyInvestment Fluctuation Reserve is ₹63000. Book value of investments is ₹350000 and market value is ₹314000. Old partners share 5:4. How much will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIn a firm, the Workmen Compensation Reserve is ₹72,000, while the Workmen Compensation claim amounts to ₹92,000. The old partners share profits in the ratio 3:2. What amount of the claim exceeding the reserve will be debited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio of 4:3:2. The General Reserve is ₹1,35,000 and the Profit and Loss Account has a debit balance of ₹45,000. On the admission of a new partner, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe adjustment of old reserves and accumulated losses is based on which main principle?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhere is final adjustment of old reserves and accumulated losses made if partners capitals are fixed?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits in the old ratio of 5:3:2. Accumulated profits total ₹1,50,000 and accumulated losses total ₹70,000. At the time of reconstitution, what net amount will be credited to B’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a debit balance of ₹50,000 in the Profit and Loss Account. A new partner is admitted for a 1/4 share in future profits. What will be the new partner’s share in this accumulated loss of the old period?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old balance sheet shows a General Reserve of ₹1,20,000. A new partner is admitted for a 1/5 share in the firm. What share of the General Reserve will be given to the new partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim is more than the reserve through which account can the excess part be shown?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf the related claim is less than the reserve who will receive the remaining amount after deducting claim?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe old partners of a firm share profits in the ratio of 5:2. The balance of Investment Fluctuation Reserve is ₹28,000, and Preliminary Expenses of ₹7,000 are to be written off. What will be the net effect on the second partner’s account after adjustment among the old partners?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOld partners share in 4:5. General Reserve is ₹81000 and distributable balance of Workmen Compensation Reserve is ₹9000. How much total will be credited to the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹72,000 was written off in capital ratio 5:4 instead of old ratio 3:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyGeneral Reserve ₹72,000 was distributed in capital ratio 5:4 instead of old ratio 3:1. How much less or more did the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesMedium