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Liability Decrease

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

AccountancyThe provision for tax was ₹1,02,000, whereas the final tax liability was determined to be ₹94,300. What will be the effect in the Revaluation Account at the time of admission of a partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf on admission assets decrease by ₹41000 and liabilities decrease by ₹28000. What will be the revaluation result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard 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 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 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 AccountancyThe accountant debited ₹22000 decrease in liability to Revaluation Account. What is the correct treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert 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 AccountancyOn admission old creditors allowed a discount of ₹12500. What is the correct accounting effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIn which situation will an entry be made on the credit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf Revaluation Account has a decrease in stock of ₹14,000 and a decrease in loan of ₹9,000, what amount will appear on the debit side?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of reconstitution, which of the following items is recorded on the credit side of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOld bills payable are reduced from ₹36000 to ₹30000. What is its effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyWhich item does not appear on the debit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf there is only decrease in liabilities ₹22000 and decrease in assets ₹30000, what will be the revaluation result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOut of creditors of ₹75000, ₹10000 are no longer payable. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf the value of a liability decreases and at the same time the value of an asset also decreases how will the net result be calculated?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyBank loan decreased from ₹180000 to ₹165000. What will be its effect on revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhich item will be treated as gain in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf income received in advance, recorded as a liability, is reduced from ₹2,400 to ₹1,800, what is the result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhich item generally appears on credit side of revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium