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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 liability of ₹33,600 for an old court case is now considered certain, but it has not been recorded in the books. What is its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA and B are old partners sharing profits in the ratio of 11:7. On admission of a new partner, a revaluation loss of ₹72,000 arises. By how much will B’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The Revaluation Account shows a profit of ₹1,20,000. What amount will be credited to C’s Capital Account from this profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe value of stock decreases from ₹2,80,000 to ₹2,51,500, while the value of investments increases from ₹1,40,000 to ₹1,62,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe provision for doubtful debts is reduced from ₹26,000 to ₹19,800. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyDebtors are ₹1,84,000. Bad debts of ₹9,000 are to be written off and a 3% provision is to be made on the balance. What is the total revaluation debit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyEquipment worth ₹46,800, not recorded in the old books, is discovered. What is its correct treatment at admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAn unrecorded electricity liability of ₹13,750 relating to the period before a partner’s admission is discovered. Which journal entry is correct?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyCreditors were recorded at ₹2,25,000 and were settled by mutual agreement for ₹2,10,500. What effect will be recorded in the Revaluation Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of an old plant is reduced from ₹3,60,000 to ₹3,18,500. What is the correct effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn admission of a partner, a building with a book value of ₹7,50,000 is revalued at ₹8,18,000. What is recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn admission real revaluation method is adopted. An increase of ₹34000 in an asset is recorded. Which value will appear in the final balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe old firm shows assets at old values in the final balance sheet even after giving revaluation effect. Which method does this match?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf assets increase by ₹72,000 and liabilities increase by ₹46,000 on admission, what will be the result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyOn admission old software was recorded at ₹48000 and its value is accepted at ₹65000. What will be the correct effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission copyright recorded at ₹75000 in old books has market value of only ₹52000. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn the admission of a new partner, an environmental compensation liability of ₹62,000 is estimated, although it was not previously recorded in the firm's books. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of a new partner’s admission, the old partners discovered that a loan of ₹50,000 recorded in the books was actually a partner’s personal loan. What effect will removing this liability from the firm’s books have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf Revaluation Account shows loss, on which side will it be recorded in old partners capital accounts?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf Revaluation Account shows profit, on which side will it be recorded in old partners capital accounts?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard