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Liability Increase

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

AccountancyAt the time of admission of a new partner, the accountant credited an increase in liability of ₹34,000 to the Revaluation Account. Why is this an accounting error?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf assets increase by ₹72,000 and liabilities increase by ₹46,000 on admission, what will be the result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf on admission the value of a liability increases from ₹110000 to ₹125000, what will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard 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 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 AccountancyOutstanding commission of ₹7500 already exists in books. On admission actual liability is found to be ₹10200. What will be the additional effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe accountant credited a liability increase of ₹11,000 to Revaluation Account. What is the correct correction?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA liability is increased from ₹45,000 to ₹52,000. What is the correct treatment in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf Revaluation Account shows only an increase in assets of ₹45,000 and an increase in liabilities of ₹18,000, what is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf increase in liability is wrongly credited what will be the effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf lender's amount is increased by ₹14000 what type of effect is it?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf outstanding expenses increase from ₹22000 to ₹30000 what will happen in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyDuring reconstitution, an asset decreases in value by ₹6,500 and a liability increases by ₹2,500. What will be the total loss in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf the amount of a loan increases from ₹50,000 to ₹54,000, what will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhich item will appear on the debit side of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyOutstanding expenses have increased from ₹6,000 to ₹7,500. What will be the effect of this change on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhich is the correct journal entry for increase in liability?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf value of a liability is increased at revaluation at what value will it appear in the new balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf creditors increase from ₹90000 to ₹100000 what will be done in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyHow is an increase in liability value recorded in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy