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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।

AccountancyOn admission an unrecorded licence of ₹44000 is found and a renewal liability of ₹9000 is created. What will be the net revaluation result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share old profits in 5:3 and the new ratio among A B C is 4:3:1. Profit in the second part of Memorandum Revaluation is ₹32000. What is C's share?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIn Memorandum Revaluation the profit of the first part is shared among old partners in which ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIn Memorandum Revaluation Account the first part shows a loss of ₹50000. What result will the second part show?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, patent decreases from ₹96,000 to ₹72,000, but trademark increases from ₹50,000 to ₹68,000. What is the net effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld balance sheet shows investments ₹240000 and Investment Fluctuation Fund ₹18000. New value of investments is ₹230000. What will be the result after adjusting the fund?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich situation will be recorded on the credit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich situation will be recorded on the debit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe total of the credit side of the Revaluation Account is ₹2,10,500, while the total of the debit side is ₹1,98,750. What will be the result of this account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe book value of an office building decreases from ₹6,00,000 to ₹5,40,000. An unrecorded property tax liability of ₹18,000 relating to the same building is discovered. What will be the total revaluation loss recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyX and Y share profits in the old ratio of 13:7. The Revaluation Account shows a loss of ₹80,000. How much will be debited to Y’s Capital Account in the old ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA, B and C share profits in the old ratio of 4 : 3 : 2. On the admission of a new partner, a revaluation profit of ₹72,000 is earned. How much will be credited to B’s capital account under the old ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe book value of stock was ₹90,000. Goods worth ₹10,000 became obsolete, and the value of the remaining stock increased by 12%. What will be the net revaluation effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld legal claim provision was ₹42000. On admission the claim is settled at ₹30000. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyDebtors amount to ₹1,50,000, and the existing provision for doubtful debts is ₹5,000. On the admission of a partner, a provision of 8% on debtors is required. What additional loss should be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyBuilding is recorded at ₹450000 and on admission its value is reduced by 6 percent. How much will be debited to Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission tools are increased from ₹135000 to ₹158000. What is the correct effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B are old partners sharing profits in the ratio of 9:6. During revaluation, assets increased by ₹45,500 and liabilities increased by ₹15,500. What will be B’s share of the net revaluation profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn old royalty liability of ₹26,000 had been omitted from the books by mistake. It is now recognised at the time of reconstitution. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn a firm, the value of assets increases from ₹90,000 to ₹1,02,000, while the value of liabilities increases from ₹45,000 to ₹51,000. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert