Class 12 Accountancy Expert Quiz

Level 23 • 50/50 questions • 25 seconds per question.

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एक मशीन का पुस्तक मूल्य ₹270000 है और प्रवेश पर इसे ₹234000 माना गया। पुनर्मूल्यांकन खाते में क्या प्रभाव होगा?

A machine has book value ₹270000 and is valued at ₹234000 on admission. What will be the effect in Revaluation Account?

Explanation opens after your attempt
Correct Answer

A. ₹36000 डेबिट₹36000 debit

Step 1

Concept

Decrease in asset value is a loss so Revaluation Account is debited. In exams record only the difference.

Step 2

Why this answer is correct

The correct answer is A. ₹36000 डेबिट / ₹36000 debit. Decrease in asset value is a loss so Revaluation Account is debited. In exams record only the difference.

Step 3

Exam Tip

संपत्ति का मूल्य घटने से हानि होती है इसलिए पुनर्मूल्यांकन खाता डेबिट होगा। परीक्षा में केवल अंतर लिखें।

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भूमि का मूल्य ₹480000 से बढ़ाकर ₹525000 किया गया। पुनर्मूल्यांकन खाते में सही राशि और पक्ष क्या है?

Land value is increased from ₹480000 to ₹525000. What is the correct amount and side in Revaluation Account?

Explanation opens after your attempt
Correct Answer

B. ₹45000 क्रेडिट₹45000 credit

Step 1

Concept

Increase in land is a gain so ₹45000 appears on the credit side. The full new value is not recorded.

Step 2

Why this answer is correct

The correct answer is B. ₹45000 क्रेडिट / ₹45000 credit. Increase in land is a gain so ₹45000 appears on the credit side. The full new value is not recorded.

Step 3

Exam Tip

भूमि में वृद्धि लाभ है इसलिए क्रेडिट पक्ष में ₹45000 आएगा। पूरी नई कीमत नहीं लिखी जाती।

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पुराने ऋणदाता ₹120000 थे और समझौते के बाद देयता ₹108000 रह गई। पुनर्मूल्यांकन खाते में क्या होगा?

Old creditors were ₹120000 and after settlement liability remains ₹108000. What happens in Revaluation Account?

Explanation opens after your attempt
Correct Answer

B. ₹12000 लाभ₹12000 gain

Step 1

Concept

Reduction in liability gives gain to the firm. Therefore ₹12000 is credited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is B. ₹12000 लाभ / ₹12000 gain. Reduction in liability gives gain to the firm. Therefore ₹12000 is credited to Revaluation Account.

Step 3

Exam Tip

देयता कम होने से फर्म को लाभ होता है। इसलिए ₹12000 पुनर्मूल्यांकन खाते में क्रेडिट होगा।

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एक बिना लिखा वेतन देय ₹18500 प्रवेश के समय पाया गया। इसका सही उपचार क्या है?

An unrecorded salary payable ₹18500 is found at admission. What is the correct treatment?

Explanation opens after your attempt
Correct Answer

B. पुनर्मूल्यांकन खाता डेबिट और वेतन देय खाता क्रेडिटRevaluation debit and Salary payable credit

Step 1

Concept

Creation of an unrecorded liability is a loss so Revaluation Account is debited. The liability account is credited.

Step 2

Why this answer is correct

The correct answer is B. पुनर्मूल्यांकन खाता डेबिट और वेतन देय खाता क्रेडिट / Revaluation debit and Salary payable credit. Creation of an unrecorded liability is a loss so Revaluation Account is debited. The liability account is credited.

Step 3

Exam Tip

बिना लिखी देयता बनना हानि है इसलिए पुनर्मूल्यांकन खाता डेबिट होगा। देयता खाते को क्रेडिट किया जाएगा।

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बिना लिखा निवेश ₹39000 पुस्तकों में लाया गया। कौन सी प्रविष्टि सही है?

Unrecorded investment ₹39000 is brought into books. Which entry is correct?

Explanation opens after your attempt
Correct Answer

A. निवेश खाता डेबिट और पुनर्मूल्यांकन खाता क्रेडिटInvestment debit and Revaluation credit

Step 1

Concept

Finding an unrecorded asset creates gain. Asset is debited and Revaluation Account is credited.

Step 2

Why this answer is correct

The correct answer is A. निवेश खाता डेबिट और पुनर्मूल्यांकन खाता क्रेडिट / Investment debit and Revaluation credit. Finding an unrecorded asset creates gain. Asset is debited and Revaluation Account is credited.

Step 3

Exam Tip

बिना लिखी संपत्ति मिलने से लाभ होता है। संपत्ति डेबिट और पुनर्मूल्यांकन खाता क्रेडिट होगा।

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देनदार ₹96000 हैं। ₹6000 खराब ऋण लिखने हैं और शेष पर 5 प्रतिशत प्रावधान बनाना है। कुल पुनर्मूल्यांकन हानि कितनी है?

Debtors are ₹96000. Bad debts ₹6000 are to be written off and 5 percent provision is to be made on the balance. What is the total revaluation loss?

Explanation opens after your attempt
Correct Answer

B. ₹10500₹10500

Step 1

Concept

First bad debts ₹6000 are deducted and 5 percent provision on ₹90000 is ₹4500. Total loss is ₹10500.

Step 2

Why this answer is correct

The correct answer is B. ₹10500 / ₹10500. First bad debts ₹6000 are deducted and 5 percent provision on ₹90000 is ₹4500. Total loss is ₹10500.

Step 3

Exam Tip

पहले खराब ऋण ₹6000 घटेंगे और ₹90000 पर 5 प्रतिशत प्रावधान ₹4500 बनेगा। कुल हानि ₹10500 है।

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प्रावधान संदिग्ध ऋण ₹14000 से घटाकर ₹9500 किया गया। पुनर्मूल्यांकन खाते में किस पक्ष और कितनी राशि आएगी?

Provision for doubtful debts is reduced from ₹14000 to ₹9500. Which side and what amount will appear in Revaluation Account?

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Correct Answer

B. ₹4500 क्रेडिट₹4500 credit

Step 1

Concept

Reduction in provision gives gain and the difference is ₹4500. Record it on the credit side.

Step 2

Why this answer is correct

The correct answer is B. ₹4500 क्रेडिट / ₹4500 credit. Reduction in provision gives gain and the difference is ₹4500. Record it on the credit side.

Step 3

Exam Tip

प्रावधान कम होने से लाभ होता है और अंतर ₹4500 है। इसे क्रेडिट पक्ष में लिखें।

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स्टॉक ₹110000 से घटकर ₹92800 और पेटेंट ₹55000 से बढ़कर ₹70000 हुआ। शुद्ध परिणाम क्या है?

Stock decreases from ₹110000 to ₹92800 and patents increase from ₹55000 to ₹70000. What is the net result?

Explanation opens after your attempt
Correct Answer

B. ₹2200 हानि₹2200 loss

Step 1

Concept

Stock decrease is ₹17200 loss and patent increase is ₹15000 gain. Net loss is ₹2200.

Step 2

Why this answer is correct

The correct answer is B. ₹2200 हानि / ₹2200 loss. Stock decrease is ₹17200 loss and patent increase is ₹15000 gain. Net loss is ₹2200.

Step 3

Exam Tip

स्टॉक कमी ₹17200 हानि और पेटेंट वृद्धि ₹15000 लाभ है। शुद्ध हानि ₹2200 है।

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अ ब और स पुराने साझेदार 2:3:5 में हैं। पुनर्मूल्यांकन लाभ ₹80000 है। ब को कितनी राशि क्रेडिट होगी?

A B and C are old partners in 2:3:5. Revaluation profit is ₹80000. How much will be credited to B?

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Correct Answer

B. ₹24000₹24000

Step 1

Concept

B share is 3/10 so ₹80000 × 3/10 = ₹24000. Profit is credited to capital account.

Step 2

Why this answer is correct

The correct answer is B. ₹24000 / ₹24000. B share is 3/10 so ₹80000 × 3/10 = ₹24000. Profit is credited to capital account.

Step 3

Exam Tip

ब का हिस्सा 3/10 है इसलिए ₹80000 × 3/10 = ₹24000। लाभ पूंजी खाते में क्रेडिट होता है।

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अ और ब पुराने साझेदार 5:4 में हैं। पुनर्मूल्यांकन हानि ₹54000 है। अ का पूंजी खाता कितनी राशि से डेबिट होगा?

A and B are old partners sharing 5:4. Revaluation loss is ₹54000. By what amount will A capital account be debited?

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Correct Answer

A. ₹30000₹30000

Step 1

Concept

A share is 5/9. ₹54000 × 5/9 = ₹30000 will be debited.

Step 2

Why this answer is correct

The correct answer is A. ₹30000 / ₹30000. A share is 5/9. ₹54000 × 5/9 = ₹30000 will be debited.

Step 3

Exam Tip

अ का हिस्सा 5/9 है। ₹54000 × 5/9 = ₹30000 डेबिट होगा।

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एक पुरानी कानूनी दावा देयता ₹45000 अनुमानित है पर पुस्तकों में नहीं है। प्रवेश पर इसका प्रभाव क्या होगा?

An old legal claim liability ₹45000 is estimated but not recorded in books. What will be its effect at admission?

Explanation opens after your attempt
Correct Answer

B. पुनर्मूल्यांकन खाते में डेबिटDebit in Revaluation Account

Step 1

Concept

Unrecorded liability is a loss and is debited to Revaluation Account. The liability account should be credited.

Step 2

Why this answer is correct

The correct answer is B. पुनर्मूल्यांकन खाते में डेबिट / Debit in Revaluation Account. Unrecorded liability is a loss and is debited to Revaluation Account. The liability account should be credited.

Step 3

Exam Tip

बिना लिखी देयता हानि है और पुनर्मूल्यांकन खाते में डेबिट होती है। देयता खाते को क्रेडिट करना चाहिए।

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एक पुराना बीमा दावा ₹27000 प्राप्त होने योग्य माना गया। इसे पहले नहीं लिखा गया था। सही प्रभाव क्या है?

An old insurance claim ₹27000 is considered receivable. It was not recorded earlier. What is the correct effect?

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Correct Answer

B. पुनर्मूल्यांकन खाते में क्रेडिटCredit in Revaluation Account

Step 1

Concept

Insurance claim receivable is an asset and gives gain. It will be credited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is B. पुनर्मूल्यांकन खाते में क्रेडिट / Credit in Revaluation Account. Insurance claim receivable is an asset and gives gain. It will be credited to Revaluation Account.

Step 3

Exam Tip

बीमा दावा प्राप्त होने योग्य संपत्ति है और लाभ देता है। इसे पुनर्मूल्यांकन खाते में क्रेडिट किया जाएगा।

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यदि पुनर्मूल्यांकन खाते का डेबिट योग ₹136000 और क्रेडिट योग ₹119500 है तो परिणाम क्या है?

If total debit of Revaluation Account is ₹136000 and total credit is ₹119500 what is the result?

Explanation opens after your attempt
Correct Answer

B. ₹16500 हानि₹16500 loss

Step 1

Concept

Debit side is higher so there is a loss. The difference ₹16500 is distributed among old partners.

Step 2

Why this answer is correct

The correct answer is B. ₹16500 हानि / ₹16500 loss. Debit side is higher so there is a loss. The difference ₹16500 is distributed among old partners.

Step 3

Exam Tip

डेबिट पक्ष अधिक है इसलिए हानि होगी। अंतर ₹16500 पुराने साझेदारों में बांटा जाएगा।

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यदि पुनर्मूल्यांकन खाते का क्रेडिट पक्ष डेबिट पक्ष से ₹32000 अधिक है तो यह राशि किसे दी जाएगी?

If credit side of Revaluation Account exceeds debit side by ₹32000 to whom will this amount be given?

Explanation opens after your attempt
Correct Answer

C. पुराने साझेदारों को पुराने अनुपात मेंTo old partners in old ratio

Step 1

Concept

Excess credit means profit and it belongs to old partners. It is shared in old profit ratio.

Step 2

Why this answer is correct

The correct answer is C. पुराने साझेदारों को पुराने अनुपात में / To old partners in old ratio. Excess credit means profit and it belongs to old partners. It is shared in old profit ratio.

Step 3

Exam Tip

क्रेडिट अधिक होने पर लाभ है और यह पुराने साझेदारों का होता है। इसे पुराने लाभ अनुपात में बांटा जाता है।

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पुराना किराया अग्रिम ₹24000 संपत्ति के रूप में दिख रहा है पर केवल ₹15000 वसूल योग्य है। पुनर्मूल्यांकन खाते में क्या होगा?

Old prepaid rent ₹24000 appears as an asset but only ₹15000 is recoverable. What happens in Revaluation Account?

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Correct Answer

A. ₹9000 डेबिट₹9000 debit

Step 1

Concept

Asset value is reduced by ₹9000 so it is a loss. Debit it to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is A. ₹9000 डेबिट / ₹9000 debit. Asset value is reduced by ₹9000 so it is a loss. Debit it to Revaluation Account.

Step 3

Exam Tip

संपत्ति का मूल्य ₹9000 घटा है इसलिए हानि है। इसे पुनर्मूल्यांकन खाते में डेबिट करें।

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कार्यालय फर्नीचर ₹72000 है और उस पर 20 प्रतिशत कमी करनी है। पुनर्मूल्यांकन खाते में राशि क्या होगी?

Office furniture is ₹72000 and it is to be reduced by 20 percent. What amount goes to Revaluation Account?

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Correct Answer

A. ₹14400 डेबिट₹14400 debit

Step 1

Concept

20 percent of ₹72000 is ₹14400. Decrease in asset is loss so it is debited.

Step 2

Why this answer is correct

The correct answer is A. ₹14400 डेबिट / ₹14400 debit. 20 percent of ₹72000 is ₹14400. Decrease in asset is loss so it is debited.

Step 3

Exam Tip

₹72000 का 20 प्रतिशत ₹14400 है। संपत्ति में कमी हानि है इसलिए डेबिट होगी।

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भवन ₹640000 है और उसे 7.5 प्रतिशत बढ़ाना है। पुनर्मूल्यांकन खाते में क्रेडिट कितनी होगी?

Building is ₹640000 and it is to be increased by 7.5 percent. What credit goes to Revaluation Account?

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Correct Answer

A. ₹48000₹48000

Step 1

Concept

7.5 percent of ₹640000 is ₹48000. Increase in building is gain so it is credited.

Step 2

Why this answer is correct

The correct answer is A. ₹48000 / ₹48000. 7.5 percent of ₹640000 is ₹48000. Increase in building is gain so it is credited.

Step 3

Exam Tip

₹640000 का 7.5 प्रतिशत ₹48000 है। भवन में वृद्धि लाभ है इसलिए क्रेडिट होगी।

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व्यापार चिन्ह का पुस्तक मूल्य ₹0 है पर प्रवेश पर उसका मूल्य ₹65000 माना गया। इसका उपचार क्या होगा?

A trademark has book value ₹0 but is valued at ₹65000 on admission. What is its treatment?

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Correct Answer

A. व्यापार चिन्ह डेबिट और पुनर्मूल्यांकन क्रेडिटTrademark debit and Revaluation credit

Step 1

Concept

Recognising an unrecorded intangible asset gives gain. Asset is debited and Revaluation Account is credited.

Step 2

Why this answer is correct

The correct answer is A. व्यापार चिन्ह डेबिट और पुनर्मूल्यांकन क्रेडिट / Trademark debit and Revaluation credit. Recognising an unrecorded intangible asset gives gain. Asset is debited and Revaluation Account is credited.

Step 3

Exam Tip

बिना लिखी अमूर्त संपत्ति को मान्यता देने से लाभ होता है। संपत्ति डेबिट और पुनर्मूल्यांकन खाता क्रेडिट होगा।

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किस मद से पुनर्मूल्यांकन खाते के डेबिट पक्ष में राशि आएगी?

Which item will create an amount on the debit side of Revaluation Account?

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Correct Answer

C. संदिग्ध ऋण प्रावधान में वृद्धिIncrease in provision for doubtful debts

Step 1

Concept

Increase in provision is a probable loss so it appears on debit side. The other options create gains.

Step 2

Why this answer is correct

The correct answer is C. संदिग्ध ऋण प्रावधान में वृद्धि / Increase in provision for doubtful debts. Increase in provision is a probable loss so it appears on debit side. The other options create gains.

Step 3

Exam Tip

प्रावधान बढ़ना संभावित हानि है इसलिए डेबिट पक्ष में आता है। बाकी विकल्प लाभ देते हैं।

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किस मद से पुनर्मूल्यांकन खाते के क्रेडिट पक्ष में राशि आएगी?

Which item will create an amount on the credit side of Revaluation Account?

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Correct Answer

C. मशीन का मूल्य बढ़नाIncrease in value of machinery

Step 1

Concept

Increase in machinery value is asset increase so it is a gain. Gains are credited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is C. मशीन का मूल्य बढ़ना / Increase in value of machinery. Increase in machinery value is asset increase so it is a gain. Gains are credited to Revaluation Account.

Step 3

Exam Tip

मशीन का मूल्य बढ़ना संपत्ति वृद्धि है इसलिए लाभ है। लाभ पुनर्मूल्यांकन खाते में क्रेडिट होता है।

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यदि प्रवेश के समय पुरानी संपत्ति का केवल बाजार मूल्य बदला है लेकिन पुस्तकीय मूल्य नहीं बदला जाता तो पुनर्मूल्यांकन खाता क्यों जरूरी हो सकता है?

If only market value of an old asset changes at admission but book value is not yet changed why may Revaluation Account be needed?

Explanation opens after your attempt
Correct Answer

A. पुराने साझेदारों के लाभ हानि को पहचानने के लिएTo recognise gain or loss of old partners

Step 1

Concept

Gain or loss on pre admission asset belongs to old partners. Revaluation Account measures it.

Step 2

Why this answer is correct

The correct answer is A. पुराने साझेदारों के लाभ हानि को पहचानने के लिए / To recognise gain or loss of old partners. Gain or loss on pre admission asset belongs to old partners. Revaluation Account measures it.

Step 3

Exam Tip

प्रवेश से पहले की संपत्ति का लाभ या हानि पुराने साझेदारों का अधिकार है। पुनर्मूल्यांकन खाता इसे मापता है।

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अ ब और स पुराने साझेदार 1:2:2 में हैं। पुनर्मूल्यांकन हानि ₹75000 है। स का हिस्सा क्या होगा?

A B and C are old partners sharing 1:2:2. Revaluation loss is ₹75000. What is C share?

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Correct Answer

B. ₹30000 डेबिट₹30000 debit

Step 1

Concept

C share is 2/5. ₹75000 × 2/5 = ₹30000 will be debited.

Step 2

Why this answer is correct

The correct answer is B. ₹30000 डेबिट / ₹30000 debit. C share is 2/5. ₹75000 × 2/5 = ₹30000 will be debited.

Step 3

Exam Tip

स का हिस्सा 2/5 है। ₹75000 × 2/5 = ₹30000 डेबिट होगा।

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एकाउंटेंट ने देयता घटने की राशि ₹22000 को पुनर्मूल्यांकन खाते में डेबिट कर दिया। सही उपचार क्या है?

The accountant debited ₹22000 decrease in liability to Revaluation Account. What is the correct treatment?

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Correct Answer

B. इसे क्रेडिट करना चाहिए क्योंकि देयता घटना लाभ हैIt should be credited because liability decrease is gain

Step 1

Concept

Decrease in liability reduces burden on the firm so it is gain. Credit it to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is B. इसे क्रेडिट करना चाहिए क्योंकि देयता घटना लाभ है / It should be credited because liability decrease is gain. Decrease in liability reduces burden on the firm so it is gain. Credit it to Revaluation Account.

Step 3

Exam Tip

देयता कम होने से फर्म का बोझ घटता है इसलिए लाभ है। इसे पुनर्मूल्यांकन खाते में क्रेडिट करें।

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एकाउंटेंट ने बिना लिखी संपत्ति ₹31000 को पुनर्मूल्यांकन खाते में डेबिट किया। गलती क्या है?

The accountant debited unrecorded asset ₹31000 to Revaluation Account. What is the error?

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Correct Answer

A. बिना लिखी संपत्ति लाभ है इसलिए पुनर्मूल्यांकन खाता क्रेडिट होना चाहिएUnrecorded asset is gain so Revaluation Account should be credited

Step 1

Concept

Finding an unrecorded asset gives gain to the firm. Correct entry debits asset and credits Revaluation Account.

Step 2

Why this answer is correct

The correct answer is A. बिना लिखी संपत्ति लाभ है इसलिए पुनर्मूल्यांकन खाता क्रेडिट होना चाहिए / Unrecorded asset is gain so Revaluation Account should be credited. Finding an unrecorded asset gives gain to the firm. Correct entry debits asset and credits Revaluation Account.

Step 3

Exam Tip

बिना लिखी संपत्ति मिलने से फर्म को लाभ होता है। सही प्रविष्टि में संपत्ति डेबिट और पुनर्मूल्यांकन खाता क्रेडिट होगा।

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कंप्यूटर ₹88000 से ₹68000 हुआ और ऋण ₹150000 से ₹142000 हुआ। शुद्ध प्रभाव क्या है?

Computer changes from ₹88000 to ₹68000 and loan changes from ₹150000 to ₹142000. What is the net effect?

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Correct Answer

A. ₹12000 हानि₹12000 loss

Step 1

Concept

Computer decrease is ₹20000 loss and loan decrease is ₹8000 gain. Net loss is ₹12000.

Step 2

Why this answer is correct

The correct answer is A. ₹12000 हानि / ₹12000 loss. Computer decrease is ₹20000 loss and loan decrease is ₹8000 gain. Net loss is ₹12000.

Step 3

Exam Tip

कंप्यूटर कमी ₹20000 हानि और ऋण कमी ₹8000 लाभ है। शुद्ध हानि ₹12000 है।

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पुराना स्टॉक ₹150000 है। उसका एक भाग ₹28000 अब बेकार है और बाकी स्टॉक में ₹12000 वृद्धि है। शुद्ध पुनर्मूल्यांकन प्रभाव क्या होगा?

Old stock is ₹150000. One part worth ₹28000 is now worthless and the remaining stock has increase of ₹12000. What is the net revaluation effect?

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A. ₹16000 हानि₹16000 loss

Step 1

Concept

Worthless stock gives ₹28000 loss and remaining increase gives ₹12000 gain. Net loss is ₹16000.

Step 2

Why this answer is correct

The correct answer is A. ₹16000 हानि / ₹16000 loss. Worthless stock gives ₹28000 loss and remaining increase gives ₹12000 gain. Net loss is ₹16000.

Step 3

Exam Tip

बेकार स्टॉक से ₹28000 हानि और बाकी वृद्धि से ₹12000 लाभ है। शुद्ध हानि ₹16000 है।

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अग्रिम बीमा ₹12600 बैलेंस शीट में है पर उसमें से ₹4200 समाप्त हो चुका है। पुनर्मूल्यांकन में क्या होगा?

Prepaid insurance ₹12600 is in balance sheet but ₹4200 of it has expired. What happens in revaluation?

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Correct Answer

A. ₹4200 डेबिट₹4200 debit

Step 1

Concept

Expired prepaid expense is no longer an asset so it is a loss. ₹4200 is debited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is A. ₹4200 डेबिट / ₹4200 debit. Expired prepaid expense is no longer an asset so it is a loss. ₹4200 is debited to Revaluation Account.

Step 3

Exam Tip

समाप्त अग्रिम खर्च संपत्ति नहीं रहा इसलिए हानि है। ₹4200 पुनर्मूल्यांकन खाते में डेबिट होगा।

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पुराना कर प्रावधान ₹37000 है और वास्तविक देयता ₹42800 निकली। पुनर्मूल्यांकन खाते में क्या होगा?

Old tax provision is ₹37000 and actual liability is found to be ₹42800. What happens in Revaluation Account?

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Correct Answer

B. ₹5800 डेबिट₹5800 debit

Step 1

Concept

Liability has increased by ₹5800 so it is a loss. Debit Revaluation Account.

Step 2

Why this answer is correct

The correct answer is B. ₹5800 डेबिट / ₹5800 debit. Liability has increased by ₹5800 so it is a loss. Debit Revaluation Account.

Step 3

Exam Tip

देयता ₹5800 बढ़ी है इसलिए यह हानि है। पुनर्मूल्यांकन खाते में डेबिट करें।

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पुराना कर प्रावधान ₹56000 है और अंतिम देयता ₹49000 निकली। पुनर्मूल्यांकन परिणाम क्या होगा?

Old tax provision is ₹56000 and final liability is ₹49000. What is the revaluation result?

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Correct Answer

A. ₹7000 लाभ₹7000 gain

Step 1

Concept

Liability has decreased by ₹7000 so it is gain. It is credited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is A. ₹7000 लाभ / ₹7000 gain. Liability has decreased by ₹7000 so it is gain. It is credited to Revaluation Account.

Step 3

Exam Tip

देयता घटकर ₹7000 कम हुई है इसलिए लाभ है। यह पुनर्मूल्यांकन खाते में क्रेडिट होगा।

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किस स्थिति में संशोधित बैलेंस शीट में संपत्ति का नया मूल्य दिखेगा और पुनर्मूल्यांकन खाते में केवल अंतर आएगा?

In which situation will the revised balance sheet show the new asset value and Revaluation Account show only the difference?

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Correct Answer

A. जब संपत्ति का मूल्य पुनर्मूल्यांकन से बदला होWhen asset value is changed by revaluation

Step 1

Concept

In revaluation only increase or decrease is recorded. The balance sheet shows the revised value.

Step 2

Why this answer is correct

The correct answer is A. जब संपत्ति का मूल्य पुनर्मूल्यांकन से बदला हो / When asset value is changed by revaluation. In revaluation only increase or decrease is recorded. The balance sheet shows the revised value.

Step 3

Exam Tip

पुनर्मूल्यांकन में खाते में केवल बढ़त या कमी आती है। बैलेंस शीट में बदला हुआ मूल्य दिखाया जाता है।

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यदि सभी पुराने साझेदारों ने तय किया कि संपत्तियों का पुनर्मूल्यांकन केवल आंतरिक समायोजन के लिए है और पुस्तकों में नया मूल्य नहीं दिखाना है तो सामान्य पुनर्मूल्यांकन खाते के बजाय कौन सा विचार लागू हो सकता है?

If old partners decide that revaluation is only for internal adjustment and new values should not appear in books which idea may apply instead of normal Revaluation Account?

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Correct Answer

A. स्मरणीय पुनर्मूल्यांकन खाताMemorandum Revaluation Account

Step 1

Concept

When profit or loss is adjusted without changing book values Memorandum Revaluation Account may be used. This is an advanced exam point.

Step 2

Why this answer is correct

The correct answer is A. स्मरणीय पुनर्मूल्यांकन खाता / Memorandum Revaluation Account. When profit or loss is adjusted without changing book values Memorandum Revaluation Account may be used. This is an advanced exam point.

Step 3

Exam Tip

जब संपत्तियों को पुस्तकों में बदले बिना लाभ हानि समायोजित करनी हो तो स्मरणीय पुनर्मूल्यांकन खाता उपयोग हो सकता है। यह उन्नत परीक्षा बिंदु है।

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स्मरणीय पुनर्मूल्यांकन खाते में पहले भाग का लाभ पुराने साझेदारों में किस अनुपात में बांटा जाता है?

In Memorandum Revaluation Account the profit of the first part is shared among old partners in which ratio?

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Correct Answer

B. पुराने अनुपात मेंOld ratio

Step 1

Concept

The first part acts like revaluation and relates to old partners. Therefore old ratio applies.

Step 2

Why this answer is correct

The correct answer is B. पुराने अनुपात में / Old ratio. The first part acts like revaluation and relates to old partners. Therefore old ratio applies.

Step 3

Exam Tip

पहला भाग पुनर्मूल्यांकन जैसा होता है और पुराने साझेदारों से संबंधित होता है। इसलिए पुराना अनुपात लागू होता है।

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स्मरणीय पुनर्मूल्यांकन खाते में उलटी प्रविष्टियों का परिणाम नए सहित सभी साझेदारों में किस अनुपात में बांटा जा सकता है?

In Memorandum Revaluation Account the result of reverse entries may be shared among all partners including the new partner in which ratio?

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Correct Answer

B. नए अनुपात मेंNew ratio

Step 1

Concept

Reverse entries restore original book values. Their result is shared among all partners in the new ratio.

Step 2

Why this answer is correct

The correct answer is B. नए अनुपात में / New ratio. Reverse entries restore original book values. Their result is shared among all partners in the new ratio.

Step 3

Exam Tip

उलटी प्रविष्टियां संशोधित मूल्यों को वापस लाने के लिए होती हैं। उनका परिणाम नए अनुपात में सभी साझेदारों में बांटा जाता है।

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एक फर्म ने भवन ₹30000 बढ़ाया लेकिन बाद में स्मरणीय पुनर्मूल्यांकन में इसे वापस करना है। उलटी प्रविष्टि का प्रभाव क्या होगा?

A firm increased building by ₹30000 but later in memorandum revaluation it must be reversed. What is the effect of the reverse entry?

Explanation opens after your attempt
Correct Answer

B. भवन कमी की तरह हानिLoss like decrease in building

Step 1

Concept

On reversal the earlier increase is reversed so asset is treated as decreasing. It gives a loss effect.

Step 2

Why this answer is correct

The correct answer is B. भवन कमी की तरह हानि / Loss like decrease in building. On reversal the earlier increase is reversed so asset is treated as decreasing. It gives a loss effect.

Step 3

Exam Tip

वापसी में पहले की वृद्धि उलटी होती है इसलिए संपत्ति घटती मानी जाती है। यह हानि जैसा प्रभाव देती है।

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अ और ब 3:1 में हैं। स के प्रवेश पर पुरानी मशीन ₹40000 बढ़ी और फिर स्मरणीय पुनर्मूल्यांकन में वापस की गई। नए अनुपात 2:1:1 में उलटी हानि में स का हिस्सा क्या होगा?

A and B share 3:1. On C admission old machine increased by ₹40000 and then reversed in memorandum revaluation. New ratio is 2:1:1. What is C share in reverse loss?

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Correct Answer

A. ₹10000₹10000

Step 1

Concept

Reverse loss is shared in new ratio. C share is 1/4 so ₹40000 × 1/4 = ₹10000.

Step 2

Why this answer is correct

The correct answer is A. ₹10000 / ₹10000. Reverse loss is shared in new ratio. C share is 1/4 so ₹40000 × 1/4 = ₹10000.

Step 3

Exam Tip

उलटी हानि नए अनुपात में बांटी जाती है। स का हिस्सा 1/4 है इसलिए ₹40000 × 1/4 = ₹10000।

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पुनर्मूल्यांकन लाभ ₹60000 है। पुराने साझेदार 7:5 में हैं लेकिन नए अनुपात 5:4:3 है। पुराने साझेदार अ को कितनी राशि मिलेगी?

Revaluation profit is ₹60000. Old partners share 7:5 but new ratio is 5:4:3. How much will old partner A receive?

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Correct Answer

A. ₹35000₹35000

Step 1

Concept

Normal revaluation profit is shared in old ratio. A share is ₹60000 × 7/12 = ₹35000.

Step 2

Why this answer is correct

The correct answer is A. ₹35000 / ₹35000. Normal revaluation profit is shared in old ratio. A share is ₹60000 × 7/12 = ₹35000.

Step 3

Exam Tip

सामान्य पुनर्मूल्यांकन लाभ पुराने अनुपात में बांटा जाता है। अ का हिस्सा ₹60000 × 7/12 = ₹35000 है।

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पुनर्मूल्यांकन हानि ₹36000 है। पुराने अनुपात 4:2:3 और नए अनुपात 3:3:2:1 है। हानि किस अनुपात में जाएगी?

Revaluation 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?

Explanation opens after your attempt
Correct Answer

A. 4:2:34:2:3

Step 1

Concept

Revaluation loss is charged to old partners in old ratio. New ratio is used for future profits.

Step 2

Why this answer is correct

The correct answer is A. 4:2:3 / 4:2:3. Revaluation loss is charged to old partners in old ratio. New ratio is used for future profits.

Step 3

Exam Tip

पुनर्मूल्यांकन हानि पुराने साझेदारों पर पुराने अनुपात में डाली जाती है। नए अनुपात का उपयोग बाद के लाभ के लिए होता है।

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किस कारण से नया साझेदार सामान्य पुनर्मूल्यांकन लाभ में हिस्सा नहीं लेता?

Why does the new partner not share normal revaluation profit?

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Correct Answer

B. क्योंकि लाभ प्रवेश से पहले की संपत्तियों के मूल्य परिवर्तन से जुड़ा हैBecause profit relates to value change of assets before admission

Step 1

Concept

Revaluation recognises value change of old resources. Therefore the profit belongs to old partners.

Step 2

Why this answer is correct

The correct answer is B. क्योंकि लाभ प्रवेश से पहले की संपत्तियों के मूल्य परिवर्तन से जुड़ा है / Because profit relates to value change of assets before admission. Revaluation recognises value change of old resources. Therefore the profit belongs to old partners.

Step 3

Exam Tip

पुनर्मूल्यांकन पुराने संसाधनों के मूल्य परिवर्तन को पहचानता है। इसलिए लाभ पुराने साझेदारों का होता है।

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पुराने उपकरण ₹125000 हैं। नए मूल्य ₹110000 पर आने के साथ ही ₹6000 की बिना लिखी मरम्मत देय है। कुल डेबिट कितना होगा?

Old equipment is ₹125000. It is valued at ₹110000 and unrecorded repairs payable ₹6000 also exist. What is the total debit?

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Correct Answer

B. ₹21000₹21000

Step 1

Concept

Equipment decrease ₹15000 and repairs payable ₹6000 are both losses. Total debit will be ₹21000.

Step 2

Why this answer is correct

The correct answer is B. ₹21000 / ₹21000. Equipment decrease ₹15000 and repairs payable ₹6000 are both losses. Total debit will be ₹21000.

Step 3

Exam Tip

उपकरण कमी ₹15000 और मरम्मत देय ₹6000 दोनों हानि हैं। कुल डेबिट ₹21000 होगा।

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पुराना वाहन ₹210000 है। उसका मूल्य ₹192000 हुआ और एक बिना लिखा स्पेयर पार्ट ₹9500 मिला। शुद्ध परिणाम क्या है?

Old vehicle is ₹210000. Its value becomes ₹192000 and an unrecorded spare part worth ₹9500 is found. What is the net result?

Explanation opens after your attempt
Correct Answer

A. ₹8500 हानि₹8500 loss

Step 1

Concept

Vehicle decrease is ₹18000 loss and spare part gives ₹9500 gain. Net loss is ₹8500.

Step 2

Why this answer is correct

The correct answer is A. ₹8500 हानि / ₹8500 loss. Vehicle decrease is ₹18000 loss and spare part gives ₹9500 gain. Net loss is ₹8500.

Step 3

Exam Tip

वाहन कमी ₹18000 हानि और स्पेयर पार्ट ₹9500 लाभ है। शुद्ध हानि ₹8500 है।

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एक पुराना देय बिल ₹75000 था। लेनदार ने ₹67500 अंतिम निपटान स्वीकार किया। पुनर्मूल्यांकन में क्या होगा?

An old bill payable was ₹75000. The creditor accepted ₹67500 in final settlement. What happens in revaluation?

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Correct Answer

A. ₹7500 लाभ₹7500 gain

Step 1

Concept

Liability is reduced by ₹7500 so it is a gain. It is credited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is A. ₹7500 लाभ / ₹7500 gain. Liability is reduced by ₹7500 so it is a gain. It is credited to Revaluation Account.

Step 3

Exam Tip

देयता ₹7500 कम हुई है इसलिए यह लाभ है। पुनर्मूल्यांकन खाते में क्रेडिट होगा।

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यदि पुनर्मूल्यांकन खाते में लाभ है और फर्म स्थिर पूंजी पद्धति अपनाती है तो लाभ कहाँ स्थानांतरित किया जा सकता है?

If Revaluation Account has profit and the firm follows fixed capital method where may the profit be transferred?

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Correct Answer

A. पुराने साझेदारों के चालू खातों में क्रेडिटCredit to old partners current accounts

Step 1

Concept

In fixed capital method capital remains fixed and adjustments go to current accounts. Profit is credited to old partners current accounts.

Step 2

Why this answer is correct

The correct answer is A. पुराने साझेदारों के चालू खातों में क्रेडिट / Credit to old partners current accounts. In fixed capital method capital remains fixed and adjustments go to current accounts. Profit is credited to old partners current accounts.

Step 3

Exam Tip

स्थिर पूंजी पद्धति में पूंजी स्थिर रखी जाती है और समायोजन चालू खातों में होते हैं। लाभ पुराने साझेदारों के चालू खातों में क्रेडिट होगा।

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यदि फर्म परिवर्तनशील पूंजी पद्धति अपनाती है तो पुनर्मूल्यांकन हानि सामान्यतः कहाँ डेबिट होगी?

If the firm follows fluctuating capital method where is revaluation loss generally debited?

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Correct Answer

A. पुराने साझेदारों के पूंजी खातों मेंOld partners capital accounts

Step 1

Concept

Under fluctuating capital method adjustments are made directly in capital accounts. Loss is debited to old partners.

Step 2

Why this answer is correct

The correct answer is A. पुराने साझेदारों के पूंजी खातों में / Old partners capital accounts. Under fluctuating capital method adjustments are made directly in capital accounts. Loss is debited to old partners.

Step 3

Exam Tip

परिवर्तनशील पूंजी पद्धति में समायोजन सीधे पूंजी खातों में होते हैं। हानि पुराने साझेदारों को डेबिट की जाती है।

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यदि पुनर्मूल्यांकन के बाद संपत्ति का नया मूल्य पुरानी बैलेंस शीट से अधिक है तो अंतिम बैलेंस शीट में कौन सा मूल्य दिखेगा?

If after revaluation the new value of an asset is higher than old balance sheet value which value will appear in final balance sheet?

Explanation opens after your attempt
Correct Answer

B. नया संशोधित मूल्यNew revised value

Step 1

Concept

In normal revaluation asset account is changed to the new value. Final balance sheet shows the revised value.

Step 2

Why this answer is correct

The correct answer is B. नया संशोधित मूल्य / New revised value. In normal revaluation asset account is changed to the new value. Final balance sheet shows the revised value.

Step 3

Exam Tip

सामान्य पुनर्मूल्यांकन में संपत्ति खाते को नए मूल्य तक बदला जाता है। अंतिम बैलेंस शीट में संशोधित मूल्य आएगा।

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किस कथन में पुनर्मूल्यांकन खाते के बारे में सही बात है?

Which statement about Revaluation Account is correct?

Explanation opens after your attempt
Correct Answer

B. यह संपत्ति और देयता के मूल्य परिवर्तन से लाभ हानि निकालता हैIt finds profit or loss from changes in values of assets and liabilities

Step 1

Concept

The role of Revaluation Account is to find result of old value changes. Cash or goodwill is not its only purpose.

Step 2

Why this answer is correct

The correct answer is B. यह संपत्ति और देयता के मूल्य परिवर्तन से लाभ हानि निकालता है / It finds profit or loss from changes in values of assets and liabilities. The role of Revaluation Account is to find result of old value changes. Cash or goodwill is not its only purpose.

Step 3

Exam Tip

पुनर्मूल्यांकन खाते का काम पुराने मूल्य परिवर्तनों का परिणाम निकालना है। नकद या सद्भावना इसका एकमात्र उद्देश्य नहीं है।

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देनदार ₹124000 हैं। पुराने प्रावधान ₹7000 को बदलकर देनदारों के 6 प्रतिशत तक करना है। पुनर्मूल्यांकन खाते में क्या प्रभाव होगा?

Debtors are ₹124000. Old provision ₹7000 is to be changed to 6 percent of debtors. What is the effect in Revaluation Account?

Explanation opens after your attempt
Correct Answer

B. ₹440 डेबिट₹440 debit

Step 1

Concept

New provision is 6 percent of ₹124000 which is ₹7440. It is ₹440 higher than old provision so loss is debited.

Step 2

Why this answer is correct

The correct answer is B. ₹440 डेबिट / ₹440 debit. New provision is 6 percent of ₹124000 which is ₹7440. It is ₹440 higher than old provision so loss is debited.

Step 3

Exam Tip

नया प्रावधान ₹124000 का 6 प्रतिशत यानी ₹7440 है। पुराने से ₹440 अधिक है इसलिए हानि डेबिट होगी।

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संपत्ति ₹90000 से ₹102000 हुई और देयता ₹45000 से ₹51000 हुई। शुद्ध पुनर्मूल्यांकन प्रभाव क्या है?

Asset increases from ₹90000 to ₹102000 and liability increases from ₹45000 to ₹51000. What is the net revaluation effect?

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Correct Answer

A. ₹6000 लाभ₹6000 profit

Step 1

Concept

Asset increase gives ₹12000 gain and liability increase gives ₹6000 loss. Net profit is ₹6000.

Step 2

Why this answer is correct

The correct answer is A. ₹6000 लाभ / ₹6000 profit. Asset increase gives ₹12000 gain and liability increase gives ₹6000 loss. Net profit is ₹6000.

Step 3

Exam Tip

संपत्ति वृद्धि ₹12000 लाभ और देयता वृद्धि ₹6000 हानि है। शुद्ध लाभ ₹6000 है।

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पुरानी देयता ₹84000 से ₹78000 हुई और संपत्ति ₹58000 से ₹52000 हुई। शुद्ध परिणाम क्या है?

Old liability decreases from ₹84000 to ₹78000 and asset decreases from ₹58000 to ₹52000. What is the net result?

Explanation opens after your attempt
Correct Answer

A. कोई लाभ हानि नहींNo profit or loss

Step 1

Concept

Liability decrease gives ₹6000 gain and asset decrease gives ₹6000 loss. Both are equal so net result is nil.

Step 2

Why this answer is correct

The correct answer is A. कोई लाभ हानि नहीं / No profit or loss. Liability decrease gives ₹6000 gain and asset decrease gives ₹6000 loss. Both are equal so net result is nil.

Step 3

Exam Tip

देयता कमी ₹6000 लाभ और संपत्ति कमी ₹6000 हानि है। दोनों बराबर हैं इसलिए शुद्ध परिणाम शून्य है।

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एक पुरानी रॉयल्टी देयता ₹26000 गलती से छोड़ दी गई थी और अब मान्यता दी गई। पुनर्मूल्यांकन खाते में कौन सा प्रभाव सही है?

An old royalty liability ₹26000 was omitted by mistake and is now recognised. Which effect is correct in Revaluation Account?

Explanation opens after your attempt
Correct Answer

B. ₹26000 डेबिट₹26000 debit

Step 1

Concept

Recognising an omitted liability creates loss. It is debited to Revaluation Account.

Step 2

Why this answer is correct

The correct answer is B. ₹26000 डेबिट / ₹26000 debit. Recognising an omitted liability creates loss. It is debited to Revaluation Account.

Step 3

Exam Tip

छूटी हुई देयता को मान्यता देने से हानि होती है। यह पुनर्मूल्यांकन खाते में डेबिट होगी।

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अ और ब पुराने साझेदार 9:6 में हैं। संपत्ति वृद्धि ₹45500 और देयता वृद्धि ₹15500 है। ब का शुद्ध हिस्सा क्या होगा?

A and B are old partners sharing 9:6. Asset increase is ₹45500 and liability increase is ₹15500. What is B net share?

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Correct Answer

A. ₹12000 लाभ₹12000 profit

Step 1

Concept

Net profit is ₹45500 - ₹15500 = ₹30000. B share is 6/15 which is ₹12000.

Step 2

Why this answer is correct

The correct answer is A. ₹12000 लाभ / ₹12000 profit. Net profit is ₹45500 - ₹15500 = ₹30000. B share is 6/15 which is ₹12000.

Step 3

Exam Tip

शुद्ध लाभ ₹45500 - ₹15500 = ₹30000 है। ब का हिस्सा 6/15 यानी ₹12000 है।

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