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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 revaluation expense ₹5000 is privately paid by an old partner and the firm treats it as payable to him, what is the correct effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyRevaluation expense of ₹7500 is paid in cash on admission. What will be its effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich item does not appear on the credit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich item does not appear on the debit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf increase in asset value is ₹55000 and old provision for doubtful debts ₹6000 is now unnecessary, what will be the total credit of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld balance sheet shows investments ₹84000 and investment fluctuation fund ₹16000. New value of investments is ₹70000. If the fund is adjusted first, what is the net effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf accumulated depreciation account before revaluation is ₹22000 and the related asset is to be shown at ₹10000 above its net book value, what is the revaluation gain?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyBuilding changes from ₹500000 to ₹560000 and machinery from ₹300000 to ₹270000. Creditors decrease by ₹20000. What is the revaluation profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIn the first part of Memorandum Revaluation Account the debit side is higher. To whom will this loss be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIn Memorandum Revaluation method, after sharing first stage profit among old partners, in which ratio is the reverse effect given in the second stage?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyPartners decide that Revaluation Account will not be opened and assets will remain at old values. Still through what can the effect of value changes be adjusted?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt admission plant is shown at ₹180000. It is revalued at ₹162000 and a repair liability of ₹6000 is also created. What is the total debit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission of a partner, revaluation reveals an unrecorded patent worth ₹32,000 and an unrecorded lawsuit liability of ₹47,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyBefore admission A and B share profits in 2:1. Revaluation profit is ₹45000 and new ratio is 3:2:1. In which ratio will the profit be shared?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld provision was ₹3500. After writing off ₹10000 bad debts from debtors of ₹90000, a 5 percent provision is required on the balance. What is the additional loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyStock was ₹1,10,000. Goods worth ₹8,000 were found damaged and the remaining stock increased by 5 percent. What is the net effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyComputer value is increased from ₹96000 to ₹120000 but an old depreciation provision of ₹15000 is also to be reduced. What computer increase will be considered in revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf Revaluation Account shows only an increase in assets of ₹45,000 and an increase in liabilities of ₹18,000, what is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of admission of a partner, outstanding salary of ₹9,000 was not recorded in the books. Which account and side will be affected by this adjustment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission the balance of Advertisement Expenditure Account ₹30,000 is considered worthless. What will be its effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard