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Liability Revaluation

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 partner, a firm's asset increases from ₹1,58,000 to ₹1,74,500, while its liability increases from ₹88,000 to ₹96,000. What will be the net effect in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAfter revaluation, if a liability’s revised value is lower than its old value, which value is shown for that liability in the final balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf the bank overdraft increases from ₹60,000 to ₹72,000, what entry will be made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhy are liabilities revalued at the time of admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy