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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationEasy

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If copyright value is reduced from ₹15000 to ₹10000 then what will happen?

Answer and explanation

Correct answer: ₹5000 debit

Copyright is an asset and its decrease by ₹5000 is a loss. Debit even when intangible asset decreases.

Related tags

Copyright-Decrease Intangible-Asset Loss Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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