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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।

AccountancyIf the debit side of Revaluation Account exceeds credit side by ₹18000 to whom and how is it transferred?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf debit side of Revaluation Account is ₹62000 and credit side is ₹74000 what is the result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, stock is increased from ₹72,000 to ₹81,000 and furniture is reduced from ₹40,000 to ₹34,000. What will be the net result of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe provision for doubtful debts is reduced from ₹8,000 to ₹5,500. What amount of gain will be recognized in the Revaluation Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyDebtors are ₹50000 and provision for doubtful debts must be increased from ₹3000 to ₹5000. What happens in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf an unrecorded liability ₹22000 is brought into books what is the journal entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn unrecorded land worth ₹100000 is found in old books at admission. What will be its treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyUnrecorded repair liability ₹7500 is found. What is the correct effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe firm recognises unrecorded investment income receivable ₹9000. What will be recorded in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyRevaluation loss is ₹33,000. Old partners A, B and C share in old ratio 4:3:2. What will be the effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA new partner is admitted. Revaluation profit is ₹48000 and old partners old ratio is 5:3. How will the profit be shared?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOld bills payable are reduced from ₹36000 to ₹30000. What is its effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA liability is increased from ₹45,000 to ₹52,000. What is the correct treatment in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA machine value is reduced from ₹80000 to ₹68000. Which entry is correct in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA fixed asset has book value ₹120000. Before admission its value is taken as ₹150000. What will be the effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOld partners share profits in 6:4. Revaluation loss is ₹70000. Why must it be adjusted in capital accounts before admitting the new partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA firm distributed revaluation profit ₹54000 in new ratio 2:2:1. The old ratio was 2:1. What is the correct correction?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf an increase in asset value is recorded at admission but the old value is still shown in the final balance sheet, what is the main error?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld partners A and B share profits in 3:2. Revaluation gives a profit of ₹40000. New partner C brings capital for his share. What total amount will be credited to A and B capital accounts?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share old profits in 5:4. Revaluation profit is ₹81000. Later C gets 1/5 share. What is C's share in revaluation profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard