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Class 12 · Accountancy
→Advertisement Suspense Account is ₹27000. How will it be adjusted at admission?
Class 12 · Accountancy
→Why is sacrificing ratio not used for distributing reserves?
Class 12 · Accountancy
→Accumulated profits were wrongly distributed in the new ratio. Why is this wrong?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:5:4. The firm has a Capital Reserve of ₹72,000. What will be B’s share of this reserve?
Class 12 · Accountancy
→Capital Reserve is ₹33000 and old partners share 6:5. How much will be credited to the second partner?
Class 12 · Accountancy
→Why is Employees’ Provident Fund not distributed among the old partners when a new partner is admitted?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹40000 and investment value rises from ₹225000 to ₹238000. What is the correct treatment?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹28000 and loss on investment is ₹37000. What is the extra loss?
Class 12 · Accountancy
→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
→Workmen Compensation Reserve is ₹68000 and the claim is also ₹68000. How much will be distributed among old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹36000 and claim is ₹50000. What is the extra effect?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹110000 and claim is ₹44000. What amount will be distributed among old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹90000 and there is no claim. What is its treatment?
Class 12 · Accountancy
→How is Profit and Loss debit balance adjusted among old partners?
Class 12 · Accountancy
→The Profit and Loss Account has a debit balance of ₹42,000. The old partners share profits in the ratio of 3:4. On the admission of a new partner, how much will be debited to the second partner’s Capital Account?
Class 12 · Accountancy
→Which is the correct entry to close General Reserve ₹72000?
Class 12 · Accountancy
→What is the effect on old partners capital accounts in the entry for closing General Reserve?
Class 12 · Accountancy
→Why is accumulated profit not given to the new partner at admission?
Class 12 · Accountancy
→At the time of admission of a new partner, a firm's Reserve Fund has a balance of ₹63,000. The old partners share profits in the ratio 5:4. What amount of the Reserve Fund will be credited to the second old partner?
Class 12 · Accountancy
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