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Class 12 · Accountancy
→The Investment Fluctuation Reserve is ₹60,000, while the fall in the value of investments is only ₹25,000. If the old partners share profits in the ratio 7:5, what will be the first partner’s share of the balance reserve?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹42000 and fall in investments is also ₹42000. How much will old partners receive?
Class 12 · Accountancy
→In which case will no part of Workmen Compensation Reserve be distributed to old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹65000 and claim is also ₹65000. What will old partners receive in accounting treatment?
Class 12 · Accountancy
→At the time of admission, a Reserve Fund of ₹1,08,000 is to be distributed among the old partners A, B and C in their profit-sharing ratio of 2:3:4. C’s share was mistakenly recorded as ₹30,000. By how much was C’s share under-recorded?
Class 12 · Accountancy
→Accumulated profit is ₹66000 and accumulated loss is ₹84000. In the old partnership ratio of 5:4, what will be the net effect on the first partner?
Class 12 · Accountancy
→At the time of admission of a new partner, the old profit-sharing ratio is 9:6. The General Reserve is ₹75,000 and Preliminary Expenses are ₹45,000. What will be the net effect on the first partner after adjustment in the old ratio?
Class 12 · Accountancy
→A, B and C share old profits in the ratio 3:2:1. The Profit and Loss Account has a credit balance of ₹72,000, and Advertisement Suspense Expenditure is ₹18,000. On admission of a new partner, what net credit should be given to B?
Class 12 · Accountancy
→At the time of admission of a new partner, if the old partners’ capital accounts are credited while closing the debit balance of the Profit and Loss Account, what accounting error does this indicate?
Class 12 · Accountancy
→If old partners' capital accounts are debited in the entry for closing an old reserve, what is the main error?
Class 12 · Accountancy
→Old balance sheet shows General Reserve ₹40000 and Capital Reserve ₹20000. New partner C is admitted. In which ratio will these be distributed?
Class 12 · Accountancy
→Contingency Reserve is ₹28000 and liability is fixed at ₹35000. What is the correct effect of excess liability?
Class 12 · Accountancy
→The Contingency Reserve is ₹64,000, and the related expected liability is ₹40,000. If A and B are partners sharing profits in the ratio of 3:5, how much will B receive from the remaining reserve?
Class 12 · Accountancy
→A firm has a General Reserve of ₹90,000 and a Dividend Equalisation Reserve of ₹30,000. On the admission of a new partner, if these reserves are to be distributed in the old ratio of 5:3, what total amount will be received by the second partner?
Class 12 · Accountancy
→A and B share old profits in 4:1. Profit and Loss debit balance ₹25000 was wrongly shared equally including the new partner. What is the wrong debit to the new partner?
Class 12 · Accountancy
→A and B are partners sharing profits in the old ratio of 3:2. On the admission of a new partner, C, a general reserve of ₹50,000 was wrongly distributed among A, B and C in the new ratio of 2:2:1. How much less or more did A receive than the amount he should have received?
Class 12 · Accountancy
→Investments increase from ₹240000 to ₹255000 and Investment Fluctuation Reserve is ₹32000. What is the correct treatment of the reserve?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹18,000. The value of investments changes from ₹2,10,000 to ₹1,84,000. What will be the excess loss?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹50000. Investments decrease from ₹300000 to ₹264000. How much will be distributed among old partners?
Class 12 · Accountancy
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