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Asset Valuation

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyAt what value are assets transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a firm’s machinery had a book value of ₹50,000 and was sold for ₹54,000. What profit arose from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium 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 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 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 AccountancyAfter revaluation, the revised balance sheet must show debtors at ₹58,000. Old debtors were ₹65,000 and there was no separate provision. What is recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of admission of a new partner, the accountant debited an increase of ₹17,000 in the value of an asset to the Revaluation Account. Why is this entry incorrect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf credit for asset brought by partner should have been Rs 45000 but was recorded as Rs 54000 by how much is capital overstated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a partner brings an asset as capital but its value is recorded too high what will be the effect on capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyWhen is an asset valuation clause in a partnership deed helpful?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy