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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 creditors recorded in books were ₹86000. On verification actual liability is only ₹79500. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf all gains in Revaluation Account are ₹88000 and all losses are ₹103000. To whom and how will the result be transferred?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe old firm has cash of ₹50,000. On admission, physical cash count shows ₹48,000. What is the treatment of the shortage?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share old profits in 7:8. Revaluation profit ₹75000 was wrongly shared equally. How much was A given less or more?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission old partners decide that out of deferred advertisement expenditure of ₹45,000 only ₹15,000 is useful for future. How much will be debited to Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf liabilities increase by ₹36,000 and assets increase by ₹49,000, what will be the revaluation result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of admission of a partner, the market value of stock is ₹88,000 and its book value is ₹94,000. In addition, an insurance claim of ₹3,000 on the stock has been admitted. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf a firm distributes revaluation loss in the new ratio why is it wrong?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of admission of a partner, an old asset is recorded in the books at ₹50,000. Its revalued amount is ₹62,000, and a separate provision of ₹7,000 is to be created for its repairs. What will be the net effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAn old computer is recorded at ₹40000 but on admission its sale value is ₹11000 and value in use is ₹15000. If value in use is accepted what is the loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission old creditors allowed a discount of ₹12500. What is the correct accounting effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, an unrecorded liability for refund of a government grant amounting to ₹33,000 is found. How will it be treated?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf the revaluation loss is ₹60,000 and the old partners’ ratio is 5:3:2, how much will be debited to the third partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt admission goodwill is not being treated separately and only assets are being revalued. Which of the following item will appear in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyDebtors are ₹96000. Bad debts are ₹4000 and old provision of ₹5000 is considered sufficient on the balance. What loss will be recorded in revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf an asset has book value ₹75000 and it is accepted at ₹75000 itself. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich statement is correct?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyRent paid in advance was ₹24000. On admission ₹10000 is considered expired. What is the correct effect in revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, unpaid interest of ₹20,000 is found on a bank loan of ₹3,00,000, and it was not recorded in the books. What will happen in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyOn admission 25 percent of a fixed asset of ₹200000 is considered obsolete and the remaining value increases by 10 percent. What is the net effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard