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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।

AccountancyA and B share profits and losses in the ratio of 2:1. At the time of admission of a new partner, the Revaluation Account shows a profit of ₹36,000. This profit is to be distributed among the old partners. What amount will be credited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyTo whose capital accounts will net loss of revaluation account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIn which ratio will net profit of revaluation account be distributed among old partners?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyOn recording unrecorded repairs payable of ₹9500 which account will be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyUnrecorded machinery of ₹45000 is found. What is the correct journal effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyBank loan decreased from ₹180000 to ₹165000. What will be its effect on revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf computer value decreases from ₹65000 to ₹52000 what will be recorded in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf land value increases from ₹400000 to ₹455000 what will happen in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhat is the main reason for preparing revaluation account on admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf a liability is reduced in revaluation then at what value will it appear in the final balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf an asset is reduced in revaluation then at what value will it appear in the final balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyUnder fluctuating capital method revaluation loss will be debited to which account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyUnder fixed capital method revaluation loss will be debited to which account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf gain items are ₹16000 and loss items are ₹10500 then what is the net revaluation result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyDuring reconstitution, an asset decreases in value by ₹6,500 and a liability increases by ₹2,500. What will be the total loss in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIn the Revaluation Account, an asset increases in value by ₹9,000 and a liability decreases by ₹4,000. What is the total value of the gain items?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf warehouse value decreased from ₹60000 to ₹52000 then which side of Revaluation Account is affected?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf car value increased from ₹75000 to ₹82000 then which side of Revaluation Account is affected?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf commission payable of ₹4,200 is recorded in the books for the first time, what will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf prepaid insurance of ₹3000 is found as an unrecorded asset then what happens in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy