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Revaluation Loss

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

AccountancyInvestment Fluctuation Reserve is ₹10000 and fall in investments is ₹14000. What is the treatment of excess fall?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe Investment Fluctuation Reserve has a balance of ₹10,000, while the fall in the value of investments is ₹14,000. What will be the accounting treatment of the excess ₹4,000?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhy does a new partner not bear a loss arising from a normal revaluation at the time of admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, the revaluation loss is ₹63,000. The old partners’ ratio is 2:5:2 and the new ratio after admission is 3:2:2:2. In what ratio will the revaluation loss be distributed among the old partners?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert 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 a Memorandum Revaluation Account, machinery is first increased in value by ₹56,000 and then that adjustment is reversed. What effect does the reversal have?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAdvance tax of ₹48,000 appears as an asset, but ₹7,500 is no longer adjustable. What is the effect in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA, B and C are old partners sharing profits in the ratio 4:4:1. A revaluation loss of ₹99,000 is incurred. What will be C’s (the third partner’s) share of this loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyPrepaid salary of ₹30,000 appears as an asset, but only ₹22,500 is beneficial. What happens in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf the debit side of Revaluation Account exceeds its credit side by ₹59,000, what does the balance represent?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA liability of ₹33,600 for an old court case is now considered certain, but it has not been recorded in the books. What is its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA and B are old partners sharing profits in the ratio of 11:7. On admission of a new partner, a revaluation loss of ₹72,000 arises. By how much will B’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe book value of an old plant is reduced from ₹3,60,000 to ₹3,18,500. What is the correct effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn the admission of a new partner, an environmental compensation liability of ₹62,000 is estimated, although it was not previously recorded in the firm's books. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe old provision for depreciation is ₹30,000. The related asset has a gross value of ₹2,00,000 and its newly accepted net value is ₹1,60,000. What is the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, bad debts are ₹10,000 and the old provision for doubtful debts is ₹6,000. No new provision is required. How much loss will be transferred to Revaluation Account?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 AccountancyOn admission, the firm creates a provision of ₹16,000 for repair of old furniture. What will be its effect in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyX and Y share profits in the old ratio of 13:7. The Revaluation Account shows a loss of ₹80,000. How much will be debited to Y’s Capital Account in the old ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyRevaluation loss is ₹36000. Old ratio is 4:2:3 and new ratio is 3:3:2:1. In which ratio will the loss be transferred?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert