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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationMedium

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Stock decreased by ₹15000 and creditors decreased by ₹10000. What will be the net revaluation result?

Answer and explanation

Correct answer: Loss ₹5000

Decrease in stock is a loss of ₹15000 and decrease in creditors is a gain of ₹10000. Net result is loss of ₹5000.

Related tags

Net Revaluation Liability Decrease Stock Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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