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Reserves Questions

Practice 4 Reserves questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:Accountancy(4)

About Reserves — practice questions, PYQs & concepts

Reserves is a frequently-tested topic on Accountancy. ExamTest.live currently lists 4 Reserves questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Reserves weight in competitive exams

Across our Reserves question bank, the largest sources are Accountancy (4). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 4 easy Reserves questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Reserves Questions(1–4 of 4)

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Q1easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
X and Y are partners in a firm sharing profits in the ratio of . Z is admitted in the firm for share. On the admission of Z there was a balance of in general reserve. What would be the journal entry for distributing the reserve?
Q2easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
At the time of admission, credit balance of Profit and Loss account appearing in books will be transferred to:
Q3easymcqAccountancyCUET Accountancy 2025 27 May Shift 22026
When a new partner is admitted, the undistributed profits that appear in the balance sheet of the old firm are transferred to the capital account of:
Q4easymcqAccountancyCUET Accountancy 2025 30 May Shift 22026
At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:

Frequently Asked Questions

How many Reserves questions are on ExamTest.live?▼
We have 4 Reserves questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Reserves MCQs free?▼
Yes. All Reserves questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Reserves questions?▼
Reserves questions are commonly asked in Accountancy. You can filter by exam using the links above.
How do I practice Reserves questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.