Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

The value of land increases from ₹3,00,000 to ₹3,60,000, while the value of machinery decreases from ₹2,00,000 to ₹1,70,000. What is the net revaluation result?

Answer and explanation

Correct answer: Profit of ₹30,000

The land's value rises by ₹60,000 (₹3,60,000 − ₹3,00,000), while the machinery's value falls by ₹30,000 (₹2,00,000 − ₹1,70,000). The increase is a gain and the decrease is a loss, so the net revaluation result is a profit of ₹60,000 − ₹30,000 = ₹30,000.

Related tags

Asset RevaluationNet RevaluationAdmission Of PartnerAccountancyReconstitution Admission Of A PartnerClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.