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Provision Decrease

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, the old tax provision was ₹56,000, whereas the actual tax liability after revaluation was determined to be ₹49,000. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOld provision for doubtful debts is ₹12000. New provision required on debtors of ₹200000 is 4 percent. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOld provision for doubtful debts was ₹7000. On admission the required provision is found to be ₹5000. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyExisting provision for doubtful debts is ₹8000 and new required provision is ₹5000. What will happen in revaluation account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf the old provision related to an asset is ₹4,200 and the revised provision required after reconstitution is ₹3,000, what entry will be made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhat is the effect on Revaluation Account when provision for doubtful debts is decreased?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy