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Class 12 · Accountancy
→A and B share profits and losses in the ratio of 5:2. The General Reserve is ₹84,000, and the Advertisement Suspense Account has a debit balance of ₹28,000. What net credit will be given to B’s Capital Account?
Class 12 · Accountancy
→If a claim related to a special reserve is given what is done first?
Class 12 · Accountancy
→At the time of a partner’s admission, the Contingency Reserve is ₹46,000, while the related actual liability is determined to be ₹59,000. What will be the additional loss arising from the liability exceeding the reserve?
Class 12 · Accountancy
→A firm has a Contingency Reserve of ₹82,000, against which the expected liability is ₹27,000. On the admission of a new partner, what amount will be distributed among the old partners?
Class 12 · Accountancy
→Insurance Reserve is ₹38000 and there is no related claim. What is its treatment on admission?
Class 12 · Accountancy
→General Reserve is ₹72000 and old partners share 7:2. If it is wrongly shared equally who will lose?
Class 12 · Accountancy
→At the time of admission of a new partner, the old partners share profits in the ratio 7:2:3 and the General Reserve is ₹96,000. How much of this reserve will be credited to the second old partner’s account?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:1:2. The Profit and Loss Account has a debit balance of ₹48,000. How much will be debited to C’s account?
Class 12 · Accountancy
→At the time of admission of a new partner, A and B share profits and losses in the ratio 2:1. The firm has a General Reserve of ₹45,000, and Preliminary Expenses of ₹15,000 are to be written off. What will be the net credit to A’s Capital Account?
Class 12 · Accountancy
→A and B are partners sharing profits in the ratio of 5:4. The firm has a reserve balance of ₹54,000 and a debit balance in the Profit and Loss Account of ₹18,000. What will be the net effect of these two items?
Class 12 · Accountancy
→At the time of admission of a new partner, A and B share profits in the ratio 6:5. The General Reserve is ₹66,000 and the Profit and Loss Account has a credit balance of ₹33,000. What total amount will be credited to A’s account out of these accumulated profits?
Class 12 · Accountancy
→If old reserve is not distributed what may the new partner unfairly share?
Class 12 · Accountancy
→Preliminary Expenses are ₹24000 and old partners share 7:1. How much will be debited to the first partner?
Class 12 · Accountancy
→Advertisement Suspense Account is ₹35000. What is its treatment at admission?
Class 12 · Accountancy
→Why is it wrong to distribute accumulated profits in the new ratio?
Class 12 · Accountancy
→At the time of admission of a new partner, A, B and C share profits in the ratio 5:2:1. If the Capital Reserve is ₹64,000 and is to be distributed among the old partners in their old ratio, what will be B’s share?
Class 12 · Accountancy
→Capital Reserve is ₹44000 and old partners share 8:3. How much will be credited to the second partner?
Class 12 · Accountancy
→At the time of a partner’s admission, why is Employees’ Provident Fund not distributed among the old partners like a reserve?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹24000 and investment value rises from ₹120000 to ₹129000. What is the correct treatment?
Class 12 · Accountancy
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