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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।

AccountancyOld books show plant ₹360000 and accumulated depreciation ₹90000. On admission net value of plant is accepted at ₹300000. What is the revaluation result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe old provision for depreciation is ₹30,000. The related asset has a gross value of ₹2,00,000 and its newly accepted net value is ₹1,60,000. What is the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission previously written off bad debts of ₹4500 are found recoverable due to higher expected collection from debtors. What is the treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, bad debts are ₹10,000 and the old provision for doubtful debts is ₹6,000. No new provision is required. How much loss will be transferred to Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyOn admission, bad debts of ₹7,000 are written off and the old provision for doubtful debts is also ₹7,000. If no new provision is required, what will be the effect on Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf on admission the value of a liability decreases from ₹98000 to ₹76000, what will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich item is normally considered separately in partners capital adjustment and not as an asset revaluation item?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, the firm creates a provision of ₹16,000 for repair of old furniture. What will be its effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, 20% of equipment with book value ₹1,28,000 becomes useless and the remaining value increases by 15%. What is the correct net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission 20 percent of equipment with book value ₹128000 becomes useless and the remaining value increases by 15 percent. What is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission of a new partner, the Cash Book shows a cash balance of ₹30,000, whereas the physical count reveals ₹28,450. What effect will this shortage have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission bank balance in books was ₹85000 but bank confirmation showed ₹87200. What is the treatment of the extra amount?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld partners share profits in 8:5. Revaluation loss is ₹52000. If it is shared equally, what is the effect on the first partner compared with the correct amount?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf revaluation profit ₹66000 is wrongly shared equally among three including the new partner while old partners ratio was 2:1, how much wrong credit did the new partner receive?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, the old firm's plant stood at ₹250,000. Its revalued value became ₹275,000 and installation expense of ₹4,000 was paid. What is the net gain?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyDebtors are ₹180000. Bad debts of ₹12000 are to be written off and 5 percent provision is required on the balance. If old provision is ₹6000, what is the total additional loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOutstanding salary of ₹14000 was already recorded. On admission actual liability is found to be ₹9500. What effect will occur in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe firm's old records did not include an insurance claim. On admission a claim of ₹27000 is considered certainly receivable. What will be the correct entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld balance sheet shows prepaid advertisement of ₹36000. On admission its full benefit is considered expired. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission out of old creditors of ₹175000, ₹22000 were disputed and are no longer considered payable. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard