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Memorandum Revaluation

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

AccountancyA and B share profits and losses in the ratio 5:3. On C’s admission, the value of patents was increased by ₹64,000, and this increase was reversed through memorandum revaluation. The new profit-sharing ratio is 4:3:1. What will be C’s share of the loss arising from the reversal?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn the first part of a Memorandum Revaluation Account, who receives the gain from an increase in an asset’s value?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf partners want to retain the old book values of assets and liabilities but still adjust the revaluation profit or loss, which account is suitable?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn Memorandum Revaluation Account the first part shows a loss of ₹50000. What result will the second part show?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share profits in the ratio 3:1. On C’s admission, the value of an old machine was increased by ₹40,000, but this increase was reversed through a memorandum revaluation account. If the new profit-sharing ratio is 2:1:1, what will be C’s share of the reverse loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn Memorandum Revaluation Account the result of reverse entries may be shared among all partners including the new partner in which ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn Memorandum Revaluation Account the profit of the first part is shared among old partners in which ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf old partners decide that revaluation is only for internal adjustment and new values should not appear in books which idea may apply instead of normal Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyWhen is Memorandum Revaluation Account needed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIn Memorandum Revaluation method, after sharing first stage profit among old partners, in which ratio is the reverse effect given in the second stage?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyPartners decide that Revaluation Account will not be opened and assets will remain at old values. Still through what can the effect of value changes be adjusted?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard