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Class 12 · Accountancy
→A and B share profits and losses in the ratio of 3:2. The Advertisement Suspense Account has a balance of ₹10,000. On writing off this amount in the old ratio at the time of admission of a partner, how much will be debited to A’s Capital Account?
Class 12 · Accountancy
→What is the main reason for crediting the amount of general reserve to the old partners’ capital or current accounts when a new partner is admitted?
Class 12 · Accountancy
→Why are accumulated profits and accumulated losses adjusted before admission?
Class 12 · Accountancy
→At the time of admission of a new partner, the reserve fund is ₹72,000 and the old partners’ profit-sharing ratio is 4:3:2. How much amount will be credited to the first partner’s account?
Class 12 · Accountancy
→Which account is debited while closing general reserve?
Class 12 · Accountancy
→When closing debit balance of Profit and Loss Account which account is credited?
Class 12 · Accountancy
→What nature of balance does General Reserve Account have?
Class 12 · Accountancy
→Preliminary expenses of ₹12,000 are to be written off on admission. A and B share profits in the ratio 3:1. How much will be debited to B?
Class 12 · Accountancy
→How is advertisement suspense expenditure treated on admission?
Class 12 · Accountancy
→At the time of admission of a new partner, the credit balance of ₹24,000 in the Profit and Loss Account was distributed in the new profit-sharing ratio. What should be the correct basis for its distribution?
Class 12 · Accountancy
→Why is it wrong to distribute old reserve in new profit sharing ratio at admission?
Class 12 · Accountancy
→What is the effect of writing off accumulated losses on old partners capital?
Class 12 · Accountancy
→When accumulated profits are distributed among the old partners at the time of a new partner’s admission, what is the effect on their capital?
Class 12 · Accountancy
→If old partners ratio is not given what is generally assumed for distributing reserve?
Class 12 · Accountancy
→Reserve fund is ₹45000. A and B share old profits in 7:8. How much will be credited to A?
Class 12 · Accountancy
→General Reserve is ₹36,000 and the old partners’ ratio is 5:4. What is the second partner’s share?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹30,000 and the fall in investments is ₹12,000. How much will be distributed among the old partners?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹20000 and there is no decrease in investments. What is its treatment on admission?
Class 12 · Accountancy
→The book value of investments is ₹1,00,000 and the Investment Fluctuation Reserve is ₹15,000. If the value of the investments falls to ₹90,000, how much of the Investment Fluctuation Reserve will be used?
Class 12 · Accountancy
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