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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।

AccountancyWhich item will create an amount on the credit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA trademark has book value ₹0 but is valued at ₹65000 on admission. What is its treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of a building is ₹6,40,000, and its value is to be increased by 7.5%. What amount will be credited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of office furniture is ₹72,000, and its value is to be reduced by 20%. What amount will be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOld prepaid rent is recorded as an asset at ₹24,000 in the books, but its recoverable value is only ₹15,000. What effect will this have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf the total debit of the Revaluation Account is ₹1,36,000 and the total credit is ₹1,19,500, what will be the result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn old insurance claim ₹27000 is considered receivable. It was not recorded earlier. What is the correct effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn old legal claim liability ₹45000 is estimated but not recorded in books. What will be its effect at admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA and B are old partners sharing profits in the ratio of 5:4. A revaluation loss of ₹54,000 is incurred. By what amount will A’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA, B and C are old partners sharing profits in the ratio 2:3:5. A revaluation profit of ₹80,000 is earned. How much of this profit will be credited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, stock is revalued from ₹1,10,000 to ₹92,800 and patents are revalued from ₹55,000 to ₹70,000. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe provision for doubtful debts is reduced from ₹14,000 to ₹9,500. On which side of the Revaluation Account, and for what amount, will it be recorded?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyDebtors are ₹96,000. Bad debts of ₹6,000 are to be written off and a 5% provision is to be made on the balance. What is the total revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn unrecorded investment of ₹39,000 is brought into the books. Which entry is correct?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn unrecorded salary payable ₹18500 is found at admission. What is the correct treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOld creditors were ₹1,20,000 and after settlement the liability remains ₹1,08,000. What happens in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyLand value is increased from ₹4,80,000 to ₹5,25,000. What is the correct amount and side in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA machine has book value ₹270000 and is valued at ₹234000 on admission. What will be the effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf after revaluation the final balance sheet shows the new value of a liability. Which method does this indicate?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, old partners reduce furniture from ₹80,000 to ₹68,000, and on the same date an unrecorded piece of furniture worth ₹9,500 is found. What is the total effect from furniture?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard