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Class 12 · Accountancy
→A and B share 8:5. General Reserve is ₹78000 and Capital Reserve is ₹52000. On admission of new partner C what total will be credited to A?
Class 12 · Accountancy
→Under fluctuating capital method what is the effect on old partners accounts when Profit and Loss debit balance is written off?
Class 12 · Accountancy
→Under fixed capital method where will the net profit from General Reserve and Preliminary Expenses be credited?
Class 12 · Accountancy
→The Bad Debts Reserve is ₹55,000, whereas the actual bad debts amount to ₹73,000. The old partners share profits in the ratio 6:3. What amount of additional debit will be made to the first partner’s Capital Account?
Class 12 · Accountancy
→The Workmen Compensation Reserve is ₹1,50,000, while the claim against it is ₹66,000. The old partners share profits in the ratio 4:3:2. How much of the excess reserve will be credited to the account of the third old partner?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2:5:3. At the time of admission of a new partner, the Profit and Loss Account has a credit balance of ₹120000 and the Advertisement Suspense Account has a debit balance of ₹50000. What will be the net adjustment made in B’s account?
Class 12 · Accountancy
→If General Reserve remains in the books of the new firm at admission what is the most correct problem?
Class 12 · Accountancy
→The Capital Reserve is ₹72,000 and Preliminary Expenses are ₹27,000. After the net adjustment of these items, how much will be credited to the capital account of the second old partner in the ratio of 5:4?
Class 12 · Accountancy
→Investment Fluctuation Reserve is ₹81000. Book value of investments is ₹420000 and market value is ₹375000. Old partners share 7:2. How much will be credited to the second partner?
Class 12 · Accountancy
→At the time of admission of a new partner, the Workmen Compensation Reserve is ₹96,000, whereas the actual claim is ₹1,26,000. The old partners share profits in the ratio of 5:3. What amount will be debited to the first partner’s capital account as his share of the additional loss?
Class 12 · Accountancy
→A, B and C are old partners sharing profits in the ratio of 3:4:5. The General Reserve is ₹1,44,000 and the Profit and Loss Account has a debit balance of ₹24,000. On the admission of a new partner, what will be the net effect on B’s Capital Account?
Class 12 · Accountancy
→Old partners A and B share profits and losses in the ratio of 5:3. The General Reserve is ₹80,000 and the accumulated loss is ₹1,04,000. What will be the net effect on A’s Capital Account on the admission of a new partner?
Class 12 · Accountancy
→A, B and C share profits and losses in the ratio 4:3:3. The Investment Fluctuation Reserve is ₹65,000, and the market value of the investment exceeds its book value by ₹15,000. After adjusting the reserve and this increase in the investment’s value, what total amount will be credited to B’s Capital Account?
Class 12 · Accountancy
→If reserve ₹60000 is wrongly distributed including new partner in new ratio 2:2:1 while old partners A and B had old ratio 3:2 what is the wrong amount given to the new partner?
Class 12 · Accountancy
→Contingency Reserve is ₹120000. Known liability is ₹45000 and additional probable claim is ₹30000. Old partners share 5:3. How much will be credited to the first partner?
Class 12 · Accountancy
→The old partners share profits and losses in the ratio of 7:3. The Profit and Loss Account has a credit balance of ₹50,000, and the Advertisement Suspense Account has a balance of ₹80,000. On admission of a new partner, what will be the net effect on the first partner’s Capital/Current Account?
Class 12 · Accountancy
→A B and C share 2:3:5. General Reserve is ₹110000 and Bad Debts Reserve is ₹40000. Additional bad debts are ₹25000. What total will be credited to C?
Class 12 · Accountancy
→Adjustment of old reserves and accumulated losses is based on which basic idea?
Class 12 · Accountancy
→If partners capitals are fixed where will old reserves and accumulated losses be adjusted?
Class 12 · Accountancy
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