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Unrecorded Asset

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

AccountancyA takes over firm's unrecorded patent rights at ₹16000. What will happen in A's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf a partner takes over an unrecorded asset of the firm then what is the effect on his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyWhen an unrecorded asset is taken by a partner, on what basis is the entry made in capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf an unrecorded asset is taken over by a partner on dissolution, what happens in the partner's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf Joint Life Policy is not recorded in books and ₹25000 is received then what entry is made?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAn unrecorded asset was sold for ₹18000. How will it be shown in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a partnership firm, if an unrecorded asset is sold for ₹15,000, what will be the effect in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard Accountancy₹7000 is realized from an unrecorded asset. Where will it be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyThe book value of a firm’s old vehicles decreases from ₹3,15,000 to ₹2,99,000. At the same time, an unrecorded toolkit worth ₹12,750 is discovered. What will be the net result of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyWhich item will be credited to the credit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyEquipment worth ₹46,800, not recorded in the old books, is discovered. What is its correct treatment at admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe firm's old records did not include an insurance claim. On admission a claim of ₹27000 is considered certainly receivable. What will be the correct entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyWhich situation will be recorded on the credit side of Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyOn admission an unrecorded copyright of ₹38000 and an unrecorded bonus liability of ₹12500 are found. What is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of reconstitution, a vehicle was recorded in the firm’s books at ₹2,10,000. On revaluation, its value decreased to ₹1,92,000, and an unrecorded spare part worth ₹9,500 was found. What will be the net result in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe accountant debited unrecorded asset ₹31000 to Revaluation Account. What is the error?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA trademark has book value ₹0 but is valued at ₹65000 on admission. What is its treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyOn admission it is certain that the firm will receive ₹42000 from a lawsuit. It was not recorded in books. What is the correct treatment?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyThe book value of a firm’s office equipment is ₹98,000. During revaluation, its value is reduced by 15%, and an unrecorded office equipment worth ₹5,000 is also discovered. What will be the net result in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAn unrecorded trademark is valued at ₹55,000 and an unrecorded tax liability of ₹18,000 is found. What is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium