Tools increase by ₹23000 so it is a gain. When an asset increases Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is C. ₹23000 क्रेडिट / Credit ₹23000. Tools increase by ₹23000 so it is a gain. When an asset increases Revaluation Account is credited.
Step 3
Exam Tip
औजारों के मूल्य में ₹23000 की वृद्धि है इसलिए यह लाभ है। परिसंपत्ति बढ़े तो पुनर्मूल्यांकन खाता क्रेडिट होता है।
The provision was ₹12000 more than the actual claim. Excess provision is a gain and will be credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is A. ₹12000 क्रेडिट / Credit ₹12000. The provision was ₹12000 more than the actual claim. Excess provision is a gain and will be credited to Revaluation Account.
Step 3
Exam Tip
प्रावधान वास्तविक दावे से ₹12000 अधिक था। अतिरिक्त प्रावधान लाभ है और पुनर्मूल्यांकन खाते में क्रेडिट होगा।
Useless goods create a loss of ₹10000 and the remaining ₹80000 gives a gain of ₹9600. Net loss is ₹400.
Step 2
Why this answer is correct
The correct answer is C. ₹400 हानि / ₹400 loss. Useless goods create a loss of ₹10000 and the remaining ₹80000 gives a gain of ₹9600. Net loss is ₹400.
Step 3
Exam Tip
बेकार माल से ₹10000 हानि और शेष ₹80000 पर ₹9600 लाभ है। शुद्ध हानि ₹400 है।
C. अपलिखित देनदारी की पहचान/Recognition of unrecorded liability
Step 1
Concept
Recognition of an unrecorded liability increases the firm's obligation. Increase in liability is a loss and appears on the debit side.
Step 2
Why this answer is correct
The correct answer is C. अपलिखित देनदारी की पहचान / Recognition of unrecorded liability. Recognition of an unrecorded liability increases the firm's obligation. Increase in liability is a loss and appears on the debit side.
Step 3
Exam Tip
अपलिखित देनदारी मिलने से फर्म का दायित्व बढ़ता है। देनदारी बढ़ना हानि है और डेबिट पक्ष में आता है।
B. अपलिखित परिसंपत्ति मिलना/Discovery of unrecorded asset
Step 1
Concept
Discovery of an unrecorded asset increases the firm's assets. It is a gain and is credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is B. अपलिखित परिसंपत्ति मिलना / Discovery of unrecorded asset. Discovery of an unrecorded asset increases the firm's assets. It is a gain and is credited to Revaluation Account.
Step 3
Exam Tip
अपलिखित परिसंपत्ति मिलने से फर्म की संपत्ति बढ़ती है। यह लाभ है और पुनर्मूल्यांकन खाते में क्रेडिट होता है।
Decrease in investments is ₹10000 and it will be covered by the fund. The remaining fund ₹8000 is a gain for old partners.
Step 2
Why this answer is correct
The correct answer is B. ₹8000 शेष निधि लाभ / ₹8000 remaining fund gain. Decrease in investments is ₹10000 and it will be covered by the fund. The remaining fund ₹8000 is a gain for old partners.
Step 3
Exam Tip
निवेश में कमी ₹10000 है जिसे निधि से पूरा किया जाएगा। निधि का शेष ₹8000 पुराने साझेदारों के लिए लाभ है।
Decrease in patent is a loss of ₹24000 and increase in trademark is a gain of ₹18000. Net loss is ₹6000.
Step 2
Why this answer is correct
The correct answer is A. ₹6000 हानि / ₹6000 loss. Decrease in patent is a loss of ₹24000 and increase in trademark is a gain of ₹18000. Net loss is ₹6000.
Step 3
Exam Tip
पेटेंट में कमी ₹24000 हानि है और ट्रेडमार्क में वृद्धि ₹18000 लाभ है। शुद्ध हानि ₹6000 है।
In the memorandum method the second part gives the reverse effect of the first part. So the first loss becomes profit in the second part.
Step 2
Why this answer is correct
The correct answer is B. ₹50000 लाभ / ₹50000 profit. In the memorandum method the second part gives the reverse effect of the first part. So the first loss becomes profit in the second part.
Step 3
Exam Tip
याददाश्त विधि में दूसरा भाग पहले भाग का उलटा प्रभाव देता है। इसलिए पहली हानि दूसरे भाग में लाभ बनती है।
C. पुराने लाभ अनुपात से/In old profit sharing ratio
Step 1
Concept
The first part is like real revaluation and relates to the pre-admission position. Therefore it is shared by old partners in the old ratio.
Step 2
Why this answer is correct
The correct answer is C. पुराने लाभ अनुपात से / In old profit sharing ratio. The first part is like real revaluation and relates to the pre-admission position. Therefore it is shared by old partners in the old ratio.
Step 3
Exam Tip
पहला भाग वास्तविक पुनर्मूल्यांकन जैसा होता है और प्रवेश से पहले की स्थिति बताता है। इसलिए यह पुराने साझेदारों में पुराने अनुपात से बांटा जाता है।
Licence is an unrecorded asset and gives a gain of ₹44000. After reducing renewal liability the net gain is ₹35000.
Step 2
Why this answer is correct
The correct answer is A. ₹35000 लाभ / ₹35000 gain. Licence is an unrecorded asset and gives a gain of ₹44000. After reducing renewal liability the net gain is ₹35000.
Step 3
Exam Tip
लाइसेंस अपलिखित परिसंपत्ति है और ₹44000 लाभ देता है। नवीनीकरण देनदारी घटाने पर शुद्ध लाभ ₹35000 है।
Decrease in creditors by ₹22000 is a gain for the firm. When liability decreases Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is C. ₹22000 क्रेडिट / Credit ₹22000. Decrease in creditors by ₹22000 is a gain for the firm. When liability decreases Revaluation Account is credited.
Step 3
Exam Tip
ऋणदाताओं में ₹22000 की कमी फर्म के लिए लाभ है। देनदारी घटे तो पुनर्मूल्यांकन खाता क्रेडिट होता है।
Prepaid advertisement is an asset and must be written off when its benefit expires. Writing off an asset is debited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is B. ₹36000 डेबिट / Debit ₹36000. Prepaid advertisement is an asset and must be written off when its benefit expires. Writing off an asset is debited to Revaluation Account.
Step 3
Exam Tip
प्रीपेड विज्ञापन परिसंपत्ति है और लाभ समाप्त होने पर इसे लिखना होगा। परिसंपत्ति लिखने से पुनर्मूल्यांकन खाते में डेबिट होता है।
B. दावा प्राप्ति खाता डेबिट और पुनर्मूल्यांकन खाता क्रेडिट/Debit Claim Receivable Account and credit Revaluation Account
Step 1
Concept
The claim receivable is an asset. When an unrecorded asset is brought into books Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is B. दावा प्राप्ति खाता डेबिट और पुनर्मूल्यांकन खाता क्रेडिट / Debit Claim Receivable Account and credit Revaluation Account. The claim receivable is an asset. When an unrecorded asset is brought into books Revaluation Account is credited.
Step 3
Exam Tip
दावा प्राप्ति योग्य परिसंपत्ति है। अपलिखित परिसंपत्ति को पुस्तकों में लाने पर पुनर्मूल्यांकन खाते में क्रेडिट किया जाता है।
Liability decreased by ₹4500 so it is a gain for the firm. Decrease in liability is credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is C. ₹4500 क्रेडिट / Credit ₹4500. Liability decreased by ₹4500 so it is a gain for the firm. Decrease in liability is credited to Revaluation Account.
Step 3
Exam Tip
देयता ₹4500 कम हुई है इसलिए फर्म को लाभ है। देनदारी में कमी पुनर्मूल्यांकन खाते में क्रेडिट होती है।
Bad debts are ₹12000 and new provision on ₹168000 is ₹8400. After old provision ₹6000, extra provision is ₹2400 so total loss is ₹14400.
Step 2
Why this answer is correct
The correct answer is A. ₹14400. Bad debts are ₹12000 and new provision on ₹168000 is ₹8400. After old provision ₹6000, extra provision is ₹2400 so total loss is ₹14400.
Step 3
Exam Tip
खराब ऋण ₹12000 है और शेष ₹168000 पर नया प्रावधान ₹8400 है। पुराने प्रावधान ₹6000 के बाद अतिरिक्त प्रावधान ₹2400 है इसलिए कुल हानि ₹14400 है।
यदि पुनर्मूल्यांकन लाभ ₹66000 को गलती से नए साझेदार सहित तीनों में बराबर बांटा गया जबकि पुराने साझेदारों का अनुपात 2:1 था, तो नए साझेदार को कितना गलत क्रेडिट मिला?
The new partner should not receive any share of revaluation profit. Equal distribution wrongly credited him with ₹22000.
Step 2
Why this answer is correct
The correct answer is A. ₹22000. The new partner should not receive any share of revaluation profit. Equal distribution wrongly credited him with ₹22000.
Step 3
Exam Tip
नए साझेदार को पुनर्मूल्यांकन लाभ में कोई हिस्सा नहीं मिलना चाहिए था। बराबर बांटने पर उसे ₹22000 गलत क्रेडिट मिला।
पुराने साझेदारों का अनुपात 8:5 है। पुनर्मूल्यांकन हानि ₹52000 है। यदि इसे बराबर बांट दिया गया तो पहले साझेदार पर सही राशि की तुलना में क्या प्रभाव होगा?
The first partner's correct loss is ₹52000 × 8/13 = ₹32000 but equal sharing debited ₹26000. So he was debited ₹6000 less.
Step 2
Why this answer is correct
The correct answer is A. ₹6000 कम डेबिट / ₹6000 less debit. The first partner's correct loss is ₹52000 × 8/13 = ₹32000 but equal sharing debited ₹26000. So he was debited ₹6000 less.
Step 3
Exam Tip
पहले साझेदार की सही हानि ₹52000 × 8/13 = ₹32000 है पर बराबर में ₹26000 डेबिट हुआ। इसलिए ₹6000 कम डेबिट हुआ।
B. ₹2200 पुनर्मूल्यांकन क्रेडिट/Credit Revaluation ₹2200
Step 1
Concept
Increase in bank balance by ₹2200 is an increase in asset. Therefore it is a gain and will be credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is B. ₹2200 पुनर्मूल्यांकन क्रेडिट / Credit Revaluation ₹2200. Increase in bank balance by ₹2200 is an increase in asset. Therefore it is a gain and will be credited to Revaluation Account.
Step 3
Exam Tip
बैंक शेष में ₹2200 की वृद्धि परिसंपत्ति में वृद्धि है। इसलिए यह लाभ है और पुनर्मूल्यांकन खाते में क्रेडिट होगा।
The useless part is a loss of ₹25600 and 15 percent increase on remaining ₹102400 is a gain of ₹15360. Net result is a loss of ₹10240.
Step 2
Why this answer is correct
The correct answer is B. ₹10240 लाभ / ₹10240 gain. The useless part is a loss of ₹25600 and 15 percent increase on remaining ₹102400 is a gain of ₹15360. Net result is a loss of ₹10240.
Step 3
Exam Tip
बेकार भाग ₹25600 हानि है और शेष ₹102400 पर 15 प्रतिशत वृद्धि ₹15360 लाभ है। शुद्ध हानि नहीं बल्कि ₹10240 हानि?
The useless part is a loss of ₹25600 and increase on remaining ₹102400 is ₹15360. Net loss is ₹10240.
Step 2
Why this answer is correct
The correct answer is A. ₹10240 हानि / ₹10240 loss. The useless part is a loss of ₹25600 and increase on remaining ₹102400 is ₹15360. Net loss is ₹10240.
Step 3
Exam Tip
बेकार भाग ₹25600 हानि है और शेष ₹102400 पर वृद्धि ₹15360 लाभ है। शुद्ध हानि ₹10240 है।
Repair provision is like a new liability. Creation of liability is debited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is B. ₹16000 डेबिट / Debit ₹16000. Repair provision is like a new liability. Creation of liability is debited to Revaluation Account.
Step 3
Exam Tip
मरम्मत प्रावधान नई देनदारी जैसा है। देनदारी बनने पर पुनर्मूल्यांकन खाते में डेबिट होता है।
C. नए साझेदार द्वारा लाई गई पूंजी/Capital brought by new partner
Step 1
Concept
Capital brought by the new partner is not a revaluation gain or loss. Revaluation Account records changes in assets and liabilities only.
Step 2
Why this answer is correct
The correct answer is C. नए साझेदार द्वारा लाई गई पूंजी / Capital brought by new partner. Capital brought by the new partner is not a revaluation gain or loss. Revaluation Account records changes in assets and liabilities only.
Step 3
Exam Tip
नए साझेदार की पूंजी पुनर्मूल्यांकन लाभ या हानि नहीं है। पुनर्मूल्यांकन खाता केवल परिसंपत्तियों और देनदारियों के बदलाव दर्ज करता है।
Decrease in liability by ₹22000 is a gain for the firm. When liability decreases Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is B. ₹22000 क्रेडिट / Credit ₹22000. Decrease in liability by ₹22000 is a gain for the firm. When liability decreases Revaluation Account is credited.
Step 3
Exam Tip
देनदारी में ₹22000 की कमी फर्म के लिए लाभ है। देनदारी घटने पर पुनर्मूल्यांकन खाता क्रेडिट होता है।
Bad debts are fully adjusted against the old provision. No additional gain or loss remains.
Step 2
Why this answer is correct
The correct answer is A. कोई शुद्ध प्रभाव नहीं / No net effect. Bad debts are fully adjusted against the old provision. No additional gain or loss remains.
Step 3
Exam Tip
डूबे ऋण पुराने प्रावधान से पूरी तरह समायोजित हो जाते हैं। कोई अतिरिक्त हानि या लाभ नहीं बचेगा।
B. पुनर्मूल्यांकन खाता क्रेडिट ₹4500/Credit Revaluation Account ₹4500
Step 1
Concept
The previously written off amount is now recoverable so the asset increases. This gain is credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is B. पुनर्मूल्यांकन खाता क्रेडिट ₹4500 / Credit Revaluation Account ₹4500. The previously written off amount is now recoverable so the asset increases. This gain is credited to Revaluation Account.
Step 3
Exam Tip
पहले लिखी गई राशि अब प्राप्ति योग्य है इसलिए परिसंपत्ति बढ़ती है। यह लाभ पुनर्मूल्यांकन खाते में क्रेडिट होगा।
पुरानी पुस्तकों में संयंत्र ₹360000 और संचयी मूल्यह्रास ₹90000 है। प्रवेश पर संयंत्र का शुद्ध मूल्य ₹300000 स्वीकार हुआ। पुनर्मूल्यांकन परिणाम क्या है?
Old net value is ₹270000 and new net value is ₹300000. Therefore there is a revaluation gain of ₹30000.
Step 2
Why this answer is correct
The correct answer is B. ₹30000 लाभ / ₹30000 gain. Old net value is ₹270000 and new net value is ₹300000. Therefore there is a revaluation gain of ₹30000.
Step 3
Exam Tip
पुराना शुद्ध मूल्य ₹270000 है और नया शुद्ध मूल्य ₹300000 है। इसलिए ₹30000 का पुनर्मूल्यांकन लाभ है।
Profit increases capital so it is credited to old partners capital accounts. In exams remember profit is credited and loss is debited.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट पक्ष / Credit side. Profit increases capital so it is credited to old partners capital accounts. In exams remember profit is credited and loss is debited.
Step 3
Exam Tip
लाभ पूंजी को बढ़ाता है इसलिए पुराने साझेदारों के पूंजी खातों में क्रेडिट किया जाता है। परीक्षा में लाभ क्रेडिट और हानि डेबिट याद रखें।
Loss reduces capital so it is debited to old partners capital accounts. It is always done in the old ratio.
Step 2
Why this answer is correct
The correct answer is B. डेबिट पक्ष / Debit side. Loss reduces capital so it is debited to old partners capital accounts. It is always done in the old ratio.
Step 3
Exam Tip
हानि पूंजी को घटाती है इसलिए पुराने साझेदारों के पूंजी खातों में डेबिट होती है। यह हमेशा पुराने अनुपात से होती है।
B. ₹50000 पुनर्मूल्यांकन क्रेडिट/Credit Revaluation ₹50000
Step 1
Concept
Removal of the firm's liability reduces obligation. Decrease in liability is a revaluation gain.
Step 2
Why this answer is correct
The correct answer is B. ₹50000 पुनर्मूल्यांकन क्रेडिट / Credit Revaluation ₹50000. Removal of the firm's liability reduces obligation. Decrease in liability is a revaluation gain.
Step 3
Exam Tip
फर्म की देनदारी हटने से दायित्व घटता है। देनदारी में कमी पुनर्मूल्यांकन लाभ है।
B. ₹62000 पुनर्मूल्यांकन डेबिट/Debit Revaluation ₹62000
Step 1
Concept
A new liability is a loss for the firm. Therefore Revaluation Account will be debited.
Step 2
Why this answer is correct
The correct answer is B. ₹62000 पुनर्मूल्यांकन डेबिट / Debit Revaluation ₹62000. A new liability is a loss for the firm. Therefore Revaluation Account will be debited.
Step 3
Exam Tip
नई देनदारी फर्म के लिए हानि है। इसलिए पुनर्मूल्यांकन खाते में डेबिट किया जाएगा।
Decrease in copyright is ₹23000. Even when an intangible asset decreases Revaluation Account is debited.
Step 2
Why this answer is correct
The correct answer is A. ₹23000 डेबिट / Debit ₹23000. Decrease in copyright is ₹23000. Even when an intangible asset decreases Revaluation Account is debited.
Step 3
Exam Tip
कॉपीराइट में कमी ₹23000 है। अमूर्त परिसंपत्ति घटने पर भी पुनर्मूल्यांकन खाते में डेबिट होता है।
B. ₹17000 पुनर्मूल्यांकन क्रेडिट/Credit Revaluation ₹17000
Step 1
Concept
Software value increased by ₹17000. Increase in asset is a gain and is credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is B. ₹17000 पुनर्मूल्यांकन क्रेडिट / Credit Revaluation ₹17000. Software value increased by ₹17000. Increase in asset is a gain and is credited to Revaluation Account.
Step 3
Exam Tip
सॉफ्टवेयर के मूल्य में ₹17000 की वृद्धि हुई है। परिसंपत्ति वृद्धि लाभ है और पुनर्मूल्यांकन खाते में क्रेडिट होती है।
Decrease in assets is a loss and decrease in liabilities is a gain. Net loss is ₹41000 - ₹28000 = ₹13000.
Step 2
Why this answer is correct
The correct answer is A. ₹13000 हानि / ₹13000 loss. Decrease in assets is a loss and decrease in liabilities is a gain. Net loss is ₹41000 - ₹28000 = ₹13000.
Step 3
Exam Tip
परिसंपत्ति कमी हानि है और देनदारी कमी लाभ है। शुद्ध हानि ₹41000 - ₹28000 = ₹13000 है।
Increase in assets is a gain and increase in liabilities is a loss. Net profit is ₹72000 - ₹46000 = ₹26000.
Step 2
Why this answer is correct
The correct answer is A. ₹26000 लाभ / ₹26000 profit. Increase in assets is a gain and increase in liabilities is a loss. Net profit is ₹72000 - ₹46000 = ₹26000.
Step 3
Exam Tip
परिसंपत्ति वृद्धि लाभ और देनदारी वृद्धि हानि है। शुद्ध लाभ ₹72000 - ₹46000 = ₹26000 है।
B. याददाश्त पुनर्मूल्यांकन विधि/Memorandum Revaluation method
Step 1
Concept
When book values are retained the memorandum revaluation method is used. In real method the final balance sheet is prepared at new values.
Step 2
Why this answer is correct
The correct answer is B. याददाश्त पुनर्मूल्यांकन विधि / Memorandum Revaluation method. When book values are retained the memorandum revaluation method is used. In real method the final balance sheet is prepared at new values.
Step 3
Exam Tip
जब पुस्तक मूल्य पुराने ही रखे जाते हैं तो याददाश्त पुनर्मूल्यांकन विधि अपनाई जाती है। वास्तविक विधि में अंतिम बैलेंस शीट नए मूल्यों पर बनती है।
In real revaluation method assets are shown at changed values. The difference goes to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is C. पुनर्मूल्यांकित नया मूल्य / Revalued new value. In real revaluation method assets are shown at changed values. The difference goes to Revaluation Account.
Step 3
Exam Tip
वास्तविक पुनर्मूल्यांकन विधि में परिसंपत्तियां बदले हुए मूल्यों पर दिखाई जाती हैं। अंतर पुनर्मूल्यांकन खाते में जाता है।
