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Class 12 · Accountancy
→A firm has a General Reserve of ₹72,000 and a Capital Reserve of ₹48,000. At the time of admission of a new partner, both reserves are to be distributed between A and B in their old profit-sharing ratio of 7:5. What total amount will be credited to B’s account?
Class 12 · Accountancy
→Profit and Loss debit balance ₹60000 was shared equally among three including the new partner. In the correct treatment what should be the new partner's share?
Class 12 · Accountancy
→A and B are partners sharing profits in the old ratio of 5:3. At the admission of a new partner C, the General Reserve of ₹96,000 was mistakenly distributed among A, B and C in the new ratio of 2:3:1. How much less did A receive compared with the amount A should have received under the old ratio?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹39000 and investments increase from ₹310000 to ₹328000. What is the correct treatment of the reserve?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹28000 and investments fall from ₹190000 to ₹145000. What will be the excess loss?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹85000. Investments fall from ₹420000 to ₹365000. What balance amount will be distributed among old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹65000 and actual claim is ₹88000. What is the correct treatment of the excess claim?
Class 12 · Accountancy
→At the time of admission of a new partner, the Workmen Compensation Reserve is ₹1,40,000 and the claim against it is ₹92,000. After adjusting the claim, the remaining amount is to be distributed among the old partners in the ratio 7:5. How much will the second partner receive?
Class 12 · Accountancy
→Reserve Fund is ₹168000 and Preliminary Expenses are ₹48000. In old ratio 5:7 what will be the net effect for the first partner?
Class 12 · Accountancy
→A and B share profits in the old ratio of 2:3. The General Reserve is ₹1,25,000, and the Profit and Loss Account has a debit balance of ₹35,000. On the admission of a new partner, what will be the net effect on B’s capital account?
Class 12 · Accountancy
→What is the most common higher level exam mistake in adjustment of reserves at admission?
Class 12 · Accountancy
→A and B share profits in the ratio 11:9. The General Reserve is ₹1,00,000 and Preliminary Expenses of ₹25,000 are to be written off. What net amount will be credited to B’s Capital Account at the time of admission?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:2:5. At the time of reconstitution, the Capital Reserve is ₹1,20,000 and the debit balance of the Profit and Loss Account is ₹50,000. What net amount will be credited to C’s account?
Class 12 · Accountancy
→If old partners share 7:5 and reserve ₹96000 is wrongly distributed equally which partner received less and by how much?
Class 12 · Accountancy
→A, B and C share profits in the ratio 4:5:3. The General Reserve is ₹96,000 and the Advertisement Suspense Account is ₹36,000. On reconstitution due to the admission of a partner, what net credit should be made to C’s Capital Account?
Class 12 · Accountancy
→Special Reserve is ₹58000 and there is no related claim. What is the correct conclusion?
Class 12 · Accountancy
→Which entry is correct for distributing accumulated loss ₹56000 among old partners in old ratio?
Class 12 · Accountancy
→The Bad Debts Reserve is ₹36,000, and the actual bad debts amount to ₹15,000. The old partners share profits in the ratio 4:5. After adjusting the reserve, what amount will be credited to the second old partner’s account?
Class 12 · Accountancy
→On admission of a new partner what position becomes clear by distributing old reserves?
Class 12 · Accountancy
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