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Class 12 · Accountancy
→The Workmen Compensation Reserve is ₹70,000 and the claim against it is ₹30,000. What amount will be distributed among the old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹50000 and there is no claim. What is its treatment on admission?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 5:3. The Profit and Loss Account has a debit balance of ₹32,000. What amount will be debited to A’s account in the old ratio?
Class 12 · Accountancy
→If Profit and Loss Account has debit balance ₹25000 what is its treatment on admission?
Class 12 · Accountancy
→Which is the correct entry for distributing reserve on admission?
Class 12 · Accountancy
→Which account is debited in the journal entry for closing General Reserve?
Class 12 · Accountancy
→In a partnership firm, the old partners A, B and C share profits and losses in the ratio 4:3:1. At the time of admission of a new partner, the Reserve Fund amounts to ₹80,000. What share of the Reserve Fund will be credited to old partner C?
Class 12 · Accountancy
→At the time of admission of a new partner, the General Reserve is ₹30,000. If the old partners share profits in the ratio 2:1, how much will the second old partner, ‘B’, receive from the General Reserve?
Class 12 · Accountancy
→Why is the reserve distributed among the old partners when a new partner is admitted?
Class 12 · Accountancy
→Profit and Loss Account has credit balance ₹40000. To whom will it be given before admission?
Class 12 · Accountancy
→At the time of admission General Reserve is ₹60000. Old partners A and B share 3:2. How much will be credited to A?
Class 12 · Accountancy
→At the time of admission capital reserve appears in the old balance sheet. What is the correct treatment?
Class 12 · Accountancy
→Adjustment of old reserves and losses on admission shows which principle?
Class 12 · Accountancy
→Which pair is correct?
Class 12 · Accountancy
→Which account is debited when the credit balance of the Profit and Loss Account is closed on admission?
Class 12 · Accountancy
→At the time of admission of a new partner, the Workmen Compensation Reserve is ₹60,000 and the claim against it is settled at ₹45,000. If the old partners A and B share profits in the ratio 3:2, what will be A’s share of the remaining reserve?
Class 12 · Accountancy
→Investments are ₹80000 and Investment Fluctuation Reserve is ₹12000. Value of investments becomes ₹82000. What is the treatment of the reserve?
Class 12 · Accountancy
→The Investment Fluctuation Reserve has a balance of ₹10,000, while the fall in the value of investments is ₹14,000. What will be the accounting treatment of the excess ₹4,000?
Class 12 · Accountancy
→At the time of reconstitution, if the debit balance of the Profit and Loss Account is ₹27,000 and the old partners share profits in the ratio of 2:1, how much loss will be debited to the second partner’s account?
Class 12 · Accountancy
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