Search questions
Use text search or combine filters to find exactly the questions you need.
Class 12 · Accountancy
→A and B share profits and losses in the ratio 4:5. The Profit and Loss Account has a debit balance of ₹18,000. How much will be debited to A’s account in the old ratio?
Class 12 · Accountancy
→A and B are old partners sharing profits in the ratio of 2:3. At the time of admission of a new partner, the credit balance of the Profit and Loss Account amounting to ₹25,000 is to be distributed in the old ratio. What amount will be credited to B?
Class 12 · Accountancy
→When accumulated profit or a general reserve is distributed among the old partners, on which side are the old partners’ capital accounts recorded?
Class 12 · Accountancy
→At the time of a partner’s admission, on writing off accumulated loss, on which side are the old partners’ capital accounts recorded?
Class 12 · Accountancy
→Why is it incorrect to distribute an old reserve in the new profit-sharing ratio when a partner is admitted?
Class 12 · Accountancy
→X and Y share profits in the old ratio of 5:3. At the time of admission of a new partner, a reserve fund of ₹64,000 is distributed in the old ratio. What amount will be credited to Y’s Capital Account?
Class 12 · Accountancy
→A and B share old profits in the ratio 3:1. The general reserve is ₹32,000. When distributed among the partners, what share of the general reserve will A receive?
Class 12 · Accountancy
→At the time of admission of a partner, how is the credit balance of the Profit and Loss Account treated?
Class 12 · Accountancy
→At the time of admission of a partner, how is the debit balance of the Profit and Loss Account treated?
Class 12 · Accountancy
→On admission of a new partner to whom is the old reserve credited?
Class 12 · Accountancy
→At the time of admission of a new partner, what does the old firm's general reserve represent?
Class 12 · Accountancy
→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
→A and B are old partners sharing 9:4. Bad Debts Reserve is ₹26000 and there are no additional bad debts. How much will be credited to A?
Class 12 · Accountancy
→If General Reserve appears on liabilities side of balance sheet why is it not treated as outside liability?
Class 12 · Accountancy
→Two old partners share profits in the ratio 3:2. The firm has a General Reserve of ₹50,000 and a Capital Reserve of ₹25,000. On the admission of a new partner, what total amount will be credited to the capital account of the second old partner?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 4:3. The General Reserve is ₹70,000 and the Advertisement Suspense Account has a balance of ₹21,000. At the time of admission of a new partner, what will be the net credit to B’s account?
Class 12 · Accountancy
→When both accumulated profit and accumulated loss exist at the time of a partner’s admission, what is the quick and correct method of adjustment?
Class 12 · Accountancy
→What is the normal balance of a reserve account?
Class 12 · Accountancy
→What is the main reason for distributing reserve in old ratio?
Class 12 · Accountancy
→