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Class 12 · Accountancy
→The Investment Fluctuation Reserve has a balance of ₹10,000, while the fall in the value of investments is ₹14,000. What will be the accounting treatment of the excess ₹4,000?
Class 12 · Accountancy
→At the time of reconstitution, if the debit balance of the Profit and Loss Account is ₹27,000 and the old partners share profits in the ratio of 2:1, how much loss will be debited to the second partner’s account?
Class 12 · Accountancy
→At the time of admission of a new partner, the general reserve is ₹90,000. If the old partners’ profit-sharing ratio is 2:3:4, how much will be transferred to the account of the third old partner?
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 ₹12000 are to be written off on admission. A and B share in 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 ₹36000 and old partners ratio is 5:4. What is the second partner's share?
Class 12 · Accountancy
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