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Class 12 · Accountancy
→A and B are partners sharing profits in the old ratio of 9:6. The reserve is ₹75,000 and the debit balance of the Profit and Loss Account is ₹30,000. After adjusting these two items, the remaining amount is distributed in the old ratio. What will be A’s share?
Class 12 · Accountancy
→Why is the new partner not included while distributing accumulated profits?
Class 12 · Accountancy
→General Reserve ₹50000 and Employees Provident Fund ₹20000 appear on liabilities side. What amount will be distributed among old partners?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2:5:3. The Investment Fluctuation Reserve is ₹70,000 and the loss on investment is ₹10,000. How much of the remaining reserve will be credited to B’s account?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹60000 and claim is ₹25000. What is the correct journal logic?
Class 12 · Accountancy
→A and B share 2:1. At admission Reserve is ₹30000 and later new ratio will be 3:2:1. In which ratio will the reserve be distributed?
Class 12 · Accountancy
→If Profit and Loss debit balance is credited to old partners what is the correct correction?
Class 12 · Accountancy
→Free Insurance Reserve is ₹36000 and there is no insurance claim. Old partners share 5:4. How much will be credited to the second partner?
Class 12 · Accountancy
→Which item will generally not be credited to old partners?
Class 12 · Accountancy
→A, B and C share profits and losses in the ratio 6:3:1. The General Reserve is ₹1,00,000 and the accumulated loss is ₹20,000. At the time of reconstitution, how much will be credited to B’s Capital Account?
Class 12 · Accountancy
→Why are accumulated profits and losses adjusted before admission?
Class 12 · Accountancy
→If Profit and Loss credit balance is transferred to Revaluation Account what is the error?
Class 12 · Accountancy
→General Reserve is ₹66000 and Investment Fluctuation Reserve is ₹33000. Investment loss is ₹12000. Old partners share 2:1. What total will be credited to second partner?
Class 12 · Accountancy
→Special Reserve is ₹75000 and related claim is ₹28000. Old partners share 9:6. How much will be credited to the first partner?
Class 12 · Accountancy
→What is the most correct accounting basis for distributing reserves?
Class 12 · Accountancy
→A, B and C share profits in the ratio 1:4:5. The General Reserve is ₹50,000 and the Profit and Loss Account has a debit balance of ₹70,000. After adjusting these items among the old partners, what will be the net effect on C’s capital account?
Class 12 · Accountancy
→Bad Debts Reserve is ₹45000. Bad debts of ₹15000 are found and new provision on remaining debtors will be created separately. What reserve amount will be distributed among old partners?
Class 12 · Accountancy
→A and B are old partners in 3:2. General Reserve ₹50000 was wrongly distributed among all in new ratio 2:2:1. What is the main correction principle?
Class 12 · Accountancy
→Employees Provident Fund ₹40000 is given at admission. What is its correct treatment?
Class 12 · Accountancy
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