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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
→Investment Fluctuation Reserve is mainly used for what purpose?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹25000 and claim is ₹31000. The excess claim will be related to which account?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹40000 and claim is also ₹40000. How much will be distributed among old partners?
Class 12 · Accountancy
→Workmen Compensation Reserve is ₹50000 and claim is ₹30000. How much will old partners receive?
Class 12 · Accountancy
→There is no claim against Workmen Compensation Reserve. What is its treatment on admission?
Class 12 · Accountancy
→If general reserve of ₹60000 is given in the balance sheet then at admission it is transferred to which accounts?
Class 12 · Accountancy
→A, B and C are partners sharing profits in the old ratio of 2:2:1. The firm has a general reserve of ₹50,000. On reconstitution, how much of the reserve will be distributed to C's account in the old ratio?
Class 12 · Accountancy
→A and B share profits in the ratio of 1:1. At the time of admission of a new partner, the general reserve is ₹40,000. What amount will be credited to the capital account of each old partner?
Class 12 · Accountancy
→Which of the following is an accumulated loss item?
Class 12 · Accountancy
→Which of the following is an accumulated profit item?
Class 12 · Accountancy
→At the time of admission of a new partner, in which ratio do the old partners bear the accumulated losses?
Class 12 · Accountancy
→At admission of a new partner in which ratio are accumulated profits distributed?
Class 12 · Accountancy
→A firm's Profit and Loss Account has a debit balance of ₹18,000. Partners A and B share profits and losses in the old ratio of 5:4. What amount will be debited to A's Capital Account?
Class 12 · Accountancy
→Profit and Loss Account has credit balance ₹30000. A and B share in 2:1. How much will be credited to B?
Class 12 · Accountancy
→Which entry is made for writing off debit balance of Profit and Loss Account?
Class 12 · Accountancy
→Which is the correct journal entry for distributing general reserve?
Class 12 · Accountancy
→Why does the new partner not get a share in old general reserve?
Class 12 · Accountancy
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