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Class 12 · Accountancy
→A firm has an Investment Fluctuation Reserve of ₹16,000, while the value of its investments has decreased by ₹21,000. At the time of admission of a partner, how will the excess decrease be treated?
Class 12 · Accountancy
→At the time of admission of a new partner, the Investment Fluctuation Reserve is ₹27,000 and the decrease in the value of investments is ₹11,000. What amount will remain for distribution among the old partners after adjusting the decrease in investments?
Class 12 · Accountancy
→At the time of reconstitution, the book value of investments is ₹1,50,000 and the Investment Fluctuation Reserve is ₹22,000. If the value of investments falls to ₹1,36,000, what amount of the loss will be adjusted against the reserve?
Class 12 · Accountancy
→Investment Fluctuation Reserve is related to which asset?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹35000 and claim is ₹42000. What is the excess claim?
Class 12 · Accountancy
→A firm has a Workmen Compensation Reserve of ₹90,000, while the claim for workmen compensation is ₹70,000. At the time of admission of a new partner, what amount will be distributed among the old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹56000 and there is no claim. What will be its treatment?
Class 12 · Accountancy
→At the time of admission of a new partner, the Advertisement Suspense Account has a balance of ₹21,000. A and B share profits and losses in the ratio of 5:2. What amount will be debited to B’s Capital Account when this account is written off?
Class 12 · Accountancy
→Preliminary expenses are ₹18000 and old partners ratio is 2:1. How much will be debited to the first partner?
Class 12 · Accountancy
→Which of the following is an example of accumulated loss?
Class 12 · Accountancy
→Which of the following is an example of accumulated profit?
Class 12 · Accountancy
→Despite the new partnership ratio of 2:2:1, in what ratio will the general reserve be distributed among the old partners if their old ratio was 3:2?
Class 12 · Accountancy
→Why is the new partner not given a share in the old reserve created before his admission?
Class 12 · Accountancy
→Capital reserve is usually given to whom on admission?
Class 12 · Accountancy
→When closing debit balance of Profit and Loss Account which account will be credited?
Class 12 · Accountancy
→At the time of admission of a partner, which account is debited in the entry for distributing general reserve among the old partners in their old profit-sharing ratio?
Class 12 · Accountancy
→At the time of admission of a new partner, the Profit and Loss Account has a debit balance of ₹28,000. A and B share profits in the old ratio of 3:4. What amount will be debited to B’s Capital Account?
Class 12 · Accountancy
→At the time of admission of a new partner, the credit balance of the Profit and Loss Account amounting to ₹42,000 is to be distributed between the old partners A and B in their old profit-sharing ratio of 4:3. What amount will be credited to B’s account?
Class 12 · Accountancy
→X and Y are partners sharing profits in the old ratio of 6:4. At the time of reconstitution, a reserve fund of ₹30,000 is distributed in the old ratio. What amount will be credited to Y’s Capital Account?
Class 12 · Accountancy
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