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Class 12 · Accountancy
→At admission General Reserve is ₹84000. Old partners A and B share 4:3. How much will be credited to A?
Class 12 · Accountancy
→A and B are old partners sharing 5:2. Contingency Reserve is ₹49000 and there is no known liability. How much will be credited to B?
Class 12 · Accountancy
→After adjustment of accumulated profits what is the direct effect on new partner capital?
Class 12 · Accountancy
→At the time of admission of a new partner, the Reserve Fund is ₹75,500. If the old partners share profits in the ratio 3:2, how much of the Reserve Fund will be credited to the second old partner?
Class 12 · Accountancy
→A new partner is admitted after adding reserves to old partners capital. This is based on which principle?
Class 12 · Accountancy
→On the admission of a new partner, preliminary expenses of ₹15,000 are to be written off. The old partners A and B share profits in the ratio 2:1. How much will be debited to A’s Capital Account when these expenses are written off?
Class 12 · Accountancy
→Which item is treated as accumulated loss or item to be written off?
Class 12 · Accountancy
→Which of the following items is an example of accumulated profit?
Class 12 · Accountancy
→Old partners share 6:4 and General Reserve is ₹50000. If it is wrongly distributed equally who will lose?
Class 12 · Accountancy
→At the time of admission of a new partner, the General Reserve of ₹36,000 is distributed among the old partners. What will be the balance of General Reserve in the balance sheet after reconstitution?
Class 12 · Accountancy
→If a special reserve is created for a real liability what should be checked first?
Class 12 · Accountancy
→The Insurance Reserve is ₹12,600. If it is treated as a free reserve like the General Reserve, what will be done with it when a new partner is admitted?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 4:1. The reserve is ₹20,000 and the Advertisement Suspense Account has a balance of ₹5,000. What will be the net credit to A’s account?
Class 12 · Accountancy
→If both accumulated profit and accumulated loss exist what should be done first?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹25000 and loss on investment is ₹35000. What is the extra loss?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹30000 and loss on investment is ₹30000. What amount will be distributed among old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹55000 and claim is ₹55000. What amount will go to old partners?
Class 12 · Accountancy
→A and B share profits in the ratio 3:2. The firm has a general reserve of ₹50,000, and a new partner C is admitted. What problem may arise if the reserve is not distributed among the old partners at the time of admission?
Class 12 · Accountancy
→Why is the sacrificing ratio not used to distribute accumulated reserves among the old partners when a new partner is admitted?
Class 12 · Accountancy
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