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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationMedium

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If machinery is reduced from ₹240000 to ₹210000 what amount will appear for machinery in new balance sheet?

Answer and explanation

Correct answer: ₹210000

After revaluation machinery is shown at reduced new value. The decrease of ₹30000 is revaluation loss.

Related tags

Balance Sheet Machinery Revised Value Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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