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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।

AccountancyAt the time of reconstitution, which of the following items is recorded as a loss in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhich item will be treated as gain in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyTwo old partners share profits in equal proportions. At the time of admission of a new partner, revaluation of assets results in a loss of ₹5,000. How much of this loss will be allocated to each old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyTwo old partners share profits in equal proportions. At the time of admission of a new partner, revaluation of assets results in a profit of ₹7000. What amount of this profit will be credited to each old partner’s account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf old partners' ratio is not given then generally how will revaluation profit be shared?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf machinery value remains the same then what is recorded in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIn which situation is no entry made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a partner, if the debit total of the Revaluation Account is ₹8000 and the credit total is ₹12500, what will be the balance of the account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of a partner’s admission, if the revaluation loss is debited to the old partners’ capital accounts, what will be its effect on their capital?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, if the Revaluation Account shows a profit and it is credited to the old partners’ Capital Accounts, what will be the effect on their capital?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyThree old partners share profits in the ratio 1:3:2. A revaluation loss of ₹12,000 is incurred. What will be the second partner’s share of this loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf a revaluation loss of ₹18,000 is incurred and the old partners share profits and losses in the ratio 4:5, how much loss will be debited to the first partner’s account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyOn the admission of a new partner, a revaluation profit of ₹15000 was earned. If the old partners share profits in the ratio 3:2, what will be the second partner’s share?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf copyright value is reduced from ₹15000 to ₹10000 then what will happen?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf trademark is recorded for the first time at ₹12000 then on which side of Revaluation Account will it go?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, a loan is reduced from ₹36,000 to ₹33,000. What effect will be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf the amount of a loan increases from ₹50,000 to ₹54,000, what will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf income received in advance, recorded as a liability, is reduced from ₹2,400 to ₹1,800, what is the result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf prepaid rent of ₹1500 was unrecorded and is now found then what is it?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhat is the correct entry to record unrecorded electricity bill of ₹900?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy