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Class 12 · Accountancy
→Old partners share in 4:5. General Reserve is ₹81000 and distributable balance of Workmen Compensation Reserve is ₹9000. How much total will be credited to the first partner?
Class 12 · Accountancy
→Profit and Loss debit balance ₹72000 was written off in capital ratio 5:4 instead of old ratio 3:1. What was the effect on the second partner?
Class 12 · Accountancy
→General Reserve ₹72000 was distributed in capital ratio 5:4 instead of old ratio 3:1. How much less or more did the first partner receive?
Class 12 · Accountancy
→At the time of admission of a new partner, if separate investments equal in value to the Reserve Fund are present in the books, what is the correct accounting treatment?
Class 12 · Accountancy
→At the time of admission of a partner, if the General Reserve is ₹80,000 and the Profit and Loss Account has a debit balance of ₹95,000, what conclusion should be drawn after adjustment?
Class 12 · Accountancy
→At the time of admission of a new partner, the Insurance Reserve is ₹26,000, while the insurance claim amounts to ₹39,000. How will the excess claim of ₹13,000 be treated in the accounts?
Class 12 · Accountancy
→At the time of reconstitution of a firm, the Insurance Reserve is ₹52,000 and the insurance claim is ₹22,000. After adjusting the claim, how much of the remaining Insurance Reserve will the second partner receive in the old partnership ratio of 3:2?
Class 12 · Accountancy
→Three partners share old profits in 2:5:3. General Reserve is ₹120000 and Profit and Loss debit balance is ₹50000. What is the second partner's net credit?
Class 12 · Accountancy
→Preliminary Expenses are ₹36000 and Advertisement Suspense Expenditure is ₹24000. In old ratio 5:1 how much total will be debited to the first partner?
Class 12 · Accountancy
→Profit and Loss debit balance ₹45000 was shared equally instead of old ratio 2:3. What was the effect on the first partner?
Class 12 · Accountancy
→A and B share old profits in 7:5. General Reserve ₹84000 and Profit and Loss credit balance ₹36000 were wrongly shared equally. How much less or more did A receive?
Class 12 · Accountancy
→Instead of capital ratio what is the correct ratio for sharing accumulated loss?
Class 12 · Accountancy
→Why is it wrong to distribute accumulated profit in sacrificing ratio?
Class 12 · Accountancy
→A firm has a Contingency Reserve of ₹75,000. A fixed liability of ₹45,000 is to be settled out of this reserve. The remaining amount will be distributed between the old partners in the ratio of 4:1. How much will the second partner receive?
Class 12 · Accountancy
→The Dividend Equalisation Reserve is ₹57,000, and the Profit and Loss Account has a debit balance of ₹21,000. If A and B are old partners sharing profits in the ratio of 5:4, what will be the net effect on A?
Class 12 · Accountancy
→The Reserve Fund is ₹63,000 and the Capital Reserve is ₹27,000. Assuming that both amounts are to be distributed among the old partners on admission, A and B are the old partners sharing profits in the ratio of 1:2. What total amount will be credited to A’s account?
Class 12 · Accountancy
→Profit and Loss debit balance ₹42000 was left in the new balance sheet. What should have been the correct correction?
Class 12 · Accountancy
→General Reserve ₹72000 from old balance sheet is shown in new balance sheet without adjustment. If there is no special instruction why is it wrong?
Class 12 · Accountancy
→The Investment Fluctuation Reserve is ₹54,000, and the value of the investments has decreased by ₹18,000. At the time of admission, after adjusting this decrease, the remaining reserve is distributed in the old profit-sharing ratio of 5:4. How much will the first partner receive?
Class 12 · Accountancy
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