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Class 12 · Accountancy
→At the time of admission of a new partner, the Bad Debts Reserve is ₹42,000 and actual bad debts amount to ₹18,000. The remaining amount is to be distributed among the old partners in the ratio of 6:4. How much will be credited to the second old partner?
Class 12 · Accountancy
→The Profit and Loss Account has a debit balance of ₹42,000, and preliminary expenses amount to ₹30,000. The old partners share profits in the ratio of 5:4. What total debit will be charged to the first partner?
Class 12 · Accountancy
→A, B and C share profits and losses in the ratio 3:5:4. The Contingency Reserve is ₹96,000, while the actual liability is determined to be ₹36,000. After this adjustment, what amount will be credited to B’s Capital Account?
Class 12 · Accountancy
→A and B share profits in the ratio of 7:3. At the time of admission of a new partner, there is a reserve of ₹1,10,000 and a debit balance of ₹40,000 in the Profit and Loss Account. If the net balance after adjustment is distributed in the old ratio, what amount will be credited to A’s account?
Class 12 · Accountancy
→General Reserve ₹74000 and Employees Provident Fund ₹26000 appear on liabilities side. What amount will be distributed among old partners?
Class 12 · Accountancy
→A, B and C are old partners sharing profits and losses in the ratio of 4:5:6. The Investment Fluctuation Reserve is ₹1,20,000, and the loss on investment is ₹30,000. After adjusting the loss, how much of the remaining reserve will be credited to B’s account?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹105000 and claim is ₹45000. What is the correct journal logic?
Class 12 · Accountancy
→A and B share 6:5. At admission Reserve is ₹88000 and later new ratio will be 4:4:3. In which ratio will the reserve be distributed?
Class 12 · Accountancy
→Free Insurance Reserve is ₹63000 and there is no insurance claim. Old partners share 5:4. How much will be credited to the first partner?
Class 12 · Accountancy
→A, B and C share profits and losses in the ratio 4:1:5. The General Reserve is ₹1,50,000 and the accumulated loss is ₹50,000. After adjusting the reserve against the accumulated loss, how much will be credited to C’s Capital Account?
Class 12 · Accountancy
→General Reserve is ₹108000 and Investment Fluctuation Reserve is ₹36000. Investment loss is ₹24000. Old partners share 7:5. What total will be credited to second partner?
Class 12 · Accountancy
→Special Reserve is ₹96000 and related claim is ₹42000. Old partners share 8:4. How much will be credited to the first partner?
Class 12 · Accountancy
→What is the basic accounting basis for distributing reserves when a new partner is admitted?
Class 12 · Accountancy
→A, B and C are partners sharing profits in the ratio 5:3:4. At the time of reconstitution, the General Reserve is ₹60,000 and the Profit and Loss Account has a debit balance of ₹1,08,000. What will be the net effect of these two items on C’s Capital Account?
Class 12 · Accountancy
→Bad Debts Reserve is ₹68000. Bad debts of ₹26000 are found and new provision will be created separately. What reserve amount will be distributed among old partners?
Class 12 · Accountancy
→A and B are old partners in 9:5. General Reserve ₹112000 was wrongly distributed among all in new ratio 4:3:1. What is the main correction principle?
Class 12 · Accountancy
→Employees Provident Fund ₹72000 and General Reserve ₹90000 are given at admission. What amount will be distributed among old partners?
Class 12 · Accountancy
→At the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹88,000 and the General Reserve is ₹44,000. The old partners share profits in the ratio 3:5:3. What amount will be credited to the second partner’s capital account?
Class 12 · Accountancy
→On the admission of a new partner, the Investment Fluctuation Reserve is ₹54,000, and the market value of the investment exceeds its book value by ₹27,000. The old partners share profits in the ratio 2:1. What total amount will be credited to the first partner’s capital account from the reserve and the investment revaluation?
Class 12 · Accountancy
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