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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।

AccountancyThe tax provision is ₹37,000, whereas the actual tax liability is determined to be ₹42,800. What effect will this adjustment have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA and B are old partners sharing profits in the ratio of 5:4. A revaluation loss of ₹54,000 is incurred. By what amount will A’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn admission, old partners reduce furniture from ₹80,000 to ₹68,000, and on the same date an unrecorded piece of furniture worth ₹9,500 is found. What is the total effect from furniture?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf all gains in Revaluation Account are ₹88000 and all losses are ₹103000. To whom and how will the result be transferred?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe old firm has cash of ₹50,000. On admission, physical cash count shows ₹48,000. What is the treatment of the shortage?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAn old computer is recorded at ₹40000 but on admission its sale value is ₹11000 and value in use is ₹15000. If value in use is accepted what is the loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, an unrecorded liability for refund of a government grant amounting to ₹33,000 is found. How will it be treated?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf the revaluation loss is ₹60,000 and the old partners’ ratio is 5:3:2, how much will be debited to the third partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyDebtors are ₹96000. Bad debts are ₹4000 and old provision of ₹5000 is considered sufficient on the balance. What loss will be recorded in revaluation?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission, unpaid interest of ₹20,000 is found on a bank loan of ₹3,00,000, and it was not recorded in the books. What will happen in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe old balance sheet shows machinery at ₹5,00,000 and a provision for depreciation of ₹80,000. On admission, the new net value of machinery is ₹3,90,000. What is the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe old firm shows patent at ₹60000. On admission half of the patent value is considered expired. What will happen in Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share profits in the old ratio of 11:4. A revaluation loss of ₹45,000 arises from the revaluation of assets. What will be the effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyDebtors are ₹1,25,000. Bad debts of ₹9,000 are written off and a new provision of 6% is required on the balance. What will be the revaluation loss?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAfter revaluation, the revised balance sheet must show debtors at ₹58,000. Old debtors were ₹65,000 and there was no separate provision. What is recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAn old vehicle has a book value of ₹90,000. It is decided to value it at ₹78,000, but it is not yet sold. What happens in revaluation at admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyAt the time of admission, the old partners’ profit-sharing ratio is 6:3:1. If a revaluation loss of ₹50,000 is incurred, what amount will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a new partner, furniture valued at ₹64,000 is reduced by 15%. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf the debit side of Revaluation Account exceeds credit side by ₹18000 to whom and how is it transferred?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyRevaluation loss is ₹33,000. Old partners A, B and C share in old ratio 4:3:2. What will be the effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard