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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 new partner, if separate investments equal in value to the Reserve Fund are present in the books, what is the correct accounting treatment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a partner, if the General Reserve is ₹80,000 and the Profit and Loss Account has a debit balance of ₹95,000, what conclusion should be drawn after adjustment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a new partner, the Insurance Reserve is ₹26,000, while the insurance claim amounts to ₹39,000. How will the excess claim of ₹13,000 be treated in the accounts?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of reconstitution of a firm, the Insurance Reserve is ₹52,000 and the insurance claim is ₹22,000. After adjusting the claim, how much of the remaining Insurance Reserve will the second partner receive in the old partnership ratio of 3:2?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThree partners share old profits in 2:5:3. General Reserve is ₹1,20,000 and Profit and Loss debit balance is ₹50,000. What is the second partner's net credit?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyProfit and Loss debit balance ₹45000 was shared equally instead of old ratio 2:3. What was the effect on the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share old profits in 7:5. General Reserve ₹84,000 and Profit and Loss credit balance ₹36,000 were wrongly shared equally. How much less or more did A receive?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyInstead of capital ratio what is the correct ratio for sharing accumulated loss?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA firm has a Contingency Reserve of ₹75,000. A fixed liability of ₹45,000 is to be settled out of this reserve. The remaining amount will be distributed between the old partners in the ratio of 4:1. How much will the second partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Dividend Equalisation Reserve is ₹57,000, and the Profit and Loss Account has a debit balance of ₹21,000. If A and B are old partners sharing profits in the ratio of 5:4, what will be the net effect on A?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Reserve Fund is ₹63,000 and the Capital Reserve is ₹27,000. Assuming that both amounts are to be distributed among the old partners on admission, A and B are the old partners sharing profits in the ratio of 1:2. What total amount will be credited to A’s account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹42000 was left in the new balance sheet. What should have been the correct correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyGeneral Reserve ₹72000 from old balance sheet is shown in new balance sheet without adjustment. If there is no special instruction why is it wrong?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Investment Fluctuation Reserve is ₹54,000, and the value of the investments has decreased by ₹18,000. At the time of admission, after adjusting this decrease, the remaining reserve is distributed in the old profit-sharing ratio of 5:4. How much will the first partner receive?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAt the time of admission of a partner, the Investment Fluctuation Reserve is ₹30,000 and the fall in the value of investments is also ₹30,000. What will be the final accounting result?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWorkmen Compensation Reserve is ₹48000 and claim is also ₹48000. What amount is distributable among old partners?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyAt the time of reconstitution, the Reserve Fund is ₹1,26,000 and the old partners share profits in the ratio 2:5:7. An amount of ₹54,000 was credited to the third old partner’s account. Which of the following statements is correct?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyReserve Fund is ₹126000. Old partners share in 2:5:7. Third partner's share was wrongly recorded as ₹54000. What is the correct difference?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyAccumulated profit is ₹54,000 and accumulated loss is ₹81,000. In old ratio 4:5 what is the net effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyOld ratio is 8:7. Reserve Fund is ₹75000 and Profit and Loss debit balance is ₹30000. What is the net effect for the first partner?Class 12Reconstitution - Admission of a PartnerReservesMedium