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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।

AccountancyBuilding book value was ₹250000 and after revaluation it became ₹220000. What is the correct entry in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission machinery value is increased from ₹90000 to ₹108000. What will be the effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf the value of a liability decreases and at the same time the value of an asset also decreases how will the net result be calculated?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf old partners distribute revaluation profit before admitting the new partner in which ratio will it be considered correct?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf revaluation account shows loss what will be the effect on old partners' capital in closing entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf revaluation account shows profit what will be the effect on old partners' capital in closing entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe value of a patent increased from ₹90,000 to ₹1,02,000, while the value of a computer decreased from ₹76,000 to ₹68,000. What will be the net result of revaluation of the assets?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio of 7:5. A revaluation loss of ₹96,000 is incurred. By how much will A’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio 8:2. A revaluation profit of ₹75,000 is earned. What amount will be credited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhy is cash capital brought by new partner not put into revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhich of the following item will not be recorded in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of admission of a new partner, creditors are reduced from ₹96,000 to ₹88,000. What amount will be shown for creditors in the new balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf vehicles are reduced from ₹175000 to ₹150000 what amount will appear for vehicles in the new balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf land is changed from ₹620000 to ₹690000 what amount will land appear at in the new balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhy is the new partner not directly affected by asset revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAn unrecorded asset was recorded at ₹25000 and later sold for ₹23000. What will be the additional result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyDuring the reconstitution of a partnership, an unrecorded liability of ₹16,000 is recorded and immediately paid in cash. What will be the combined effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhy is only the difference amount recorded in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio of 4:3. The debit total of the Revaluation Account is ₹91,000 and its credit total is ₹56,000. What amount will be debited to B’s Capital Account for the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio of 5:7. The total credit of the Revaluation Account is ₹132000 and its total debit is ₹84000. What will be A’s share of the profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium