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Revaluation Account

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

AccountancyPrepaid rent of ₹4,500 was not recorded in the books. What will be the effect of recording it at the time of admission of a new partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of reconstitution, bad debts of ₹6,500 were identified from the debtors. What is the correct accounting effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe debit total of the Revaluation Account is ₹54,000 and its credit total is ₹31,000. What will be the result of the account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe existing provision is ₹3,500 and the new provision required after reconstitution is ₹9,000. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA firm's debtors are ₹1,00,000, and a provision for doubtful debts at 4% is to be created. What loss will be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyCreditors decreased from ₹1,25,000 to ₹1,10,000. What will be the effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhich statement is most correct about Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhat is found by combining gains and losses in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy 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 AccountancyAt the time of reconstitution, a provision against an asset is increased from ₹2,400 to ₹3,000. What effect will this have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf the debit total of the Revaluation Account is ₹14,000 and the credit total is ₹19,000, what is the result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a partner, machinery is decreased by ₹9,000 and creditors are decreased by ₹3,000 in the revaluation. What will be the net result of revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIn the Revaluation Account, furniture is increased by ₹2,000 and stock is decreased by ₹700. What will be the net result of these adjustments?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 AccountancyThe book value of a firm’s stock increases from ₹12,000 to ₹15,000. What amount will be credited to the Revaluation Account for this increase?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, on which side of the Revaluation Account is a decrease in the value of debtors recorded?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf accrued commission of ₹6,000 has not been recorded in the firm’s books and is recorded at the time of reconstitution, which entry will be passed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhich account is prepared to show new values of assets and liabilities on admission of a new partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhat is the main objective of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhich of the following items will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy