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Class 12 · Accountancy
→Between whom is gaining ratio calculated?
Class 12 · Accountancy
→A, B and C share profits in the ratio 5:3:2. B dies, and A and C decide to continue sharing profits in their old ratio. What will be the new profit-sharing ratio of A and C?
Class 12 · Accountancy
→A B and C share profits in 3:2:1. C retires and there is no new agreement. What will be the new ratio of A and B?
Class 12 · Accountancy
→What is meant by new profit sharing ratio of remaining partners on retirement of a partner?
Class 12 · Accountancy
→A, B and C share profits in the ratio 1:2:3. On the admission of a new partner, the Capital Reserve is ₹90,000 and the Profit and Loss Account has a debit balance of ₹12,000. What net amount will be credited to C’s account?
Class 12 · Accountancy
→Old partners share 3:2. General Reserve ₹50000 and Employees Provident Fund ₹40000 are given. What amount will go to old partners in reserve adjustment?
Class 12 · Accountancy
→The Special Insurance Reserve is ₹85,000 and the insurance claim is ₹31,000. The old partners share profits in the ratio 7:6. After adjusting the insurance reserve, what amount will be credited to the second partner’s account?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 6:4. The Profit and Loss Account has a credit balance of ₹70,000, while the accumulated loss is ₹90,000. What will be the net effect on A at the time of reconstitution?
Class 12 · Accountancy
→At the time of admission of a new partner, the Bad Debts Reserve is ₹72,000 and actual bad debts are found to be ₹42,000. The old partners share profits in the ratio of 4:5. How much of the remaining Bad Debts Reserve will be credited to the second partner’s Capital Account after adjusting the bad debts?
Class 12 · Accountancy
→If accumulated profit ₹80000 is distributed in new ratio including new partner instead of old partners what is the main accounting defect?
Class 12 · Accountancy
→A, B and C share profits and losses in the ratio 5:4:3. The General Reserve is ₹96,000 and Preliminary Expenses are ₹60,000. What will be the net credit to B’s Capital Account for these adjustments?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 9:4. The Contingency Reserve is ₹78,000, whereas the actual liability is ₹91,000. What amount of the additional loss will be debited to B’s account?
Class 12 · Accountancy
→At the time of admission, the old partners share profits in the ratio 2:3:5. The Workmen Compensation Reserve is ₹1,10,000, and an actual claim of ₹80,000 has been accepted against it. What amount will be credited to the capital account of the third old partner?
Class 12 · Accountancy
→At the time of admission of a new partner, the General Reserve is ₹1,26,000 and the Profit and Loss Account has a debit balance of ₹54,000. If these two items are adjusted among the old partners in the ratio of 3:2:1, what amount will be credited net to the first partner’s capital account?
Class 12 · Accountancy
→A and B share 5:3. Tax Adjustment Reserve is ₹64000 and final tax liability is found to be ₹40000. How much will be credited to A?
Class 12 · Accountancy
→The old partners share profits in the ratio 4:3. The Investment Fluctuation Reserve is ₹70,000 and the loss on investment is ₹46,000. After adjusting the reserve, how much will be credited to the first partner’s account?
Class 12 · Accountancy
→A B and C share 6:5:4. Machinery Replacement Reserve is ₹90000 and there is no definite replacement liability. How much will be credited to B?
Class 12 · Accountancy
→A and B share profits in the ratio of 7:6. The General Reserve is ₹91,000 and Preliminary Expenses are ₹26,000. At the admission of a new partner, what will be the net credit to B’s capital account?
Class 12 · Accountancy
→A, B and C are old partners sharing profits in the ratio of 4:2:4. The Capital Reserve is ₹1,30,000 and the debit balance of the Profit and Loss Account is ₹60,000. What net credit will be made to A’s Capital Account on reconstitution?
Class 12 · Accountancy
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