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Class 12 · Accountancy

Why are old losses not recovered from the new partner on admission?

Class 12 · Accountancy

Why are old partners given the benefit of an old reserve when a new partner is admitted?

Class 12 · Accountancy

What is the normal balance of Advertisement Suspense Expenditure?

Class 12 · Accountancy

What is the normal balance of Reserve Fund Account?

Class 12 · Accountancy

If the old partners’ profit-sharing ratio is not given, on what basis is the reserve distributed when a new partner is admitted?

Class 12 · Accountancy

If old partners ratio is 1:2 and capital reserve is ₹45000 then how much will the second partner get?

Class 12 · Accountancy

At the admission of a new partner, a reserve fund of ₹54,000 is to be distributed among the old partners in their profit-sharing ratio of 4:2:3. How much will the second partner receive?

Class 12 · Accountancy

A, B and C share profits in the old ratio of 2:3:5. At the time of admission of a partner, the general reserve is ₹1,00,000. What will be C’s share when it is distributed among the old partners?

Class 12 · Accountancy

If there is no fall in investments what will happen to Investment Fluctuation Reserve?

Class 12 · Accountancy

Investment Fluctuation Reserve is ₹10000 and fall in investments is ₹14000. What is the treatment of excess fall?

Class 12 · Accountancy

Investment Fluctuation Reserve is ₹25000 and fall in investments is ₹9000. How much balance will be distributed among old partners?

Class 12 · Accountancy

The book value of investments is ₹1,20,000 and the Investment Fluctuation Reserve is ₹18,000. If the value of investments falls to ₹1,08,000, how much will be adjusted from the Investment Fluctuation Reserve?

Class 12 · Accountancy

Investment Fluctuation Reserve is used to adjust which decrease?

Class 12 · Accountancy

The Workmen Compensation Reserve is ₹45,000, while the workmen compensation claim is ₹60,000. What amount does the claim exceed the reserve by?

Class 12 · Accountancy

Workmen Compensation Reserve is ₹80000 and claim is ₹50000. How much will be distributed among old partners?

Class 12 · Accountancy

Workmen Compensation Reserve is ₹70000 and there is no claim. What will be its treatment?

Class 12 · Accountancy

Preliminary expenses are ₹24000. Old partners ratio is 5:3. How much will be debited to the first partner?

Class 12 · Accountancy

Advertisement suspense expenditure is ₹15000. A and B share in 2:1. How much will be debited to B?

Class 12 · Accountancy

Which of the following is an old accumulated loss item?

Class 12 · Accountancy

Which of the following is an old accumulated profit item?