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Class 12 · Accountancy · Easy
→Workmen Compensation Reserve is ₹35,000 and the claim is ₹42,000. What is the excess claim?
Class 12 · Accountancy · Easy
→Preliminary expenses are ₹18000 and old partners ratio is 2:1. How much will be debited to the first partner?
Class 12 · Accountancy · Easy
→At the time of admission the general reserve shown in old balance sheet relates to which period?
Class 12 · Accountancy · Easy
→Generally what is the new partner's share in old reserve amount?
Class 12 · Accountancy · Easy
→If old accumulated loss is not adjusted what wrong effect may occur?
Class 12 · Accountancy · Medium
→Old 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 12 · Accountancy · Medium
→Investment Fluctuation Reserve is ₹40000 and investment value rises from ₹225000 to ₹238000. What is the correct treatment?
Class 12 · Accountancy · Medium
→Investment Fluctuation Reserve is ₹32000. Book value of investment is ₹150000 and market value is ₹132000. How much will be distributed among old partners?
Class 12 · Accountancy · Medium
→Investment Fluctuation Reserve is ₹25000 and loss on investment is ₹35000. What is the extra loss?
Class 12 · Accountancy · Medium
→Which ratio is the basis for distributing reserves?
Class 12 · Accountancy · Medium
→If credit balance of Profit and Loss Account is given in balance sheet what nature of item is it?
Class 12 · Accountancy · Medium
→If General Reserve appears on the liabilities side of the balance sheet, what does it represent?
Class 12 · Accountancy · Easy
→Which account is debited when the credit balance of the Profit and Loss Account is closed on admission?
Class 12 · Accountancy · Medium
→Preliminary expenses of ₹12,000 are to be written off on admission. A and B share profits in the ratio 3:1. How much will be debited to B?
Class 12 · Accountancy · Easy
→General Reserve is ₹36,000 and the old partners’ ratio is 5:4. What is the second partner’s share?
Class 12 · Accountancy · Easy
→Investment Fluctuation Reserve is ₹30,000 and the fall in investments is ₹12,000. How much will be distributed among the old partners?
Class 12 · Accountancy · Easy
→Workmen Compensation Reserve is ₹40,000 and the claim is also ₹40,000. How much will be distributed among the old partners?
Class 12 · Accountancy · Easy
→Which of the following is an item of accumulated profit?
Class 12 · Accountancy · Easy
→Why does the new partner not receive a share of the old General Reserve?
Class 12 · Accountancy · Medium
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