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Asset Revaluation

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyAn unrecorded trademark is valued at ₹55,000 and an unrecorded tax liability of ₹18,000 is found. What is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits in the old ratio of 11:4. A revaluation loss of ₹45,000 arises from the revaluation of assets. What will be the effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyBefore the admission of a new partner, three old partners share profits in the ratio 9:6:5. A profit of ₹1,00,000 arises from revaluation. What will be the second old partner’s share of this profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe stock of a firm was valued at ₹1,80,000 in its books. During revaluation, the value of the stock increased by 8%, but old goods worth ₹6,000 were found to be obsolete and had to be written off. What will be the net effect of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld provision for doubtful debts is ₹12000. New provision required on debtors of ₹200000 is 4 percent. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyDebtors are ₹1,25,000. Bad debts of ₹9,000 are written off and a new provision of 6% is required on the balance. What will be the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission furniture is increased from ₹72000 to ₹86400. What is the correct effect on Furniture Account and Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission the old firm's vehicle was recorded at ₹150000 and its revalued value is fixed at ₹132000. What will be the effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAfter revaluation, the revised balance sheet must show debtors at ₹58,000. Old debtors were ₹65,000 and there was no separate provision. What is recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf Revaluation Account has a decrease in stock of ₹14,000 and a decrease in loan of ₹9,000, what amount will appear on the debit side?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf Revaluation Account has building increase ₹45000 and provision increase ₹12000 what amount will appear on credit side?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn old vehicle has a book value of ₹90,000. It is decided to value it at ₹78,000, but it is not yet sold. What happens in revaluation at admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf balance of Revaluation Account is transferred to old partners current accounts what capital method may it indicate?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission, the old partners’ profit-sharing ratio is 6:3:1. If a revaluation loss of ₹50,000 is incurred, what amount will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe accountant credited a liability increase of ₹11,000 to Revaluation Account. What is the correct correction?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of admission of a new partner, the accountant debited an increase of ₹17,000 in the value of an asset to the Revaluation Account. Why is this entry incorrect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn the admission of a partner, the book value of land is ₹2,50,000. The value of land is increased by 12%. What amount will be credited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, furniture valued at ₹64,000 is reduced by 15%. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf no asset or liability is revised at admission and no unrecorded item is found what will be the result of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA and B share 3:2. Computer changes from ₹50000 to ₹42000 and patent changes from ₹20000 to ₹31000. What is B net share?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert