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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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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B. पुनर्मूल्यांकन खाता डेबिट और वेतन देय खाता क्रेडिट/Revaluation 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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A. निवेश खाता डेबिट और पुनर्मूल्यांकन खाता क्रेडिट/Investment 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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B. पुनर्मूल्यांकन खाते में डेबिट/Debit 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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B. पुनर्मूल्यांकन खाते में क्रेडिट/Credit 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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C. पुराने साझेदारों को पुराने अनुपात में/To 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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A. व्यापार चिन्ह डेबिट और पुनर्मूल्यांकन क्रेडिट/Trademark 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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C. संदिग्ध ऋण प्रावधान में वृद्धि/Increase 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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C. मशीन का मूल्य बढ़ना/Increase 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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A. पुराने साझेदारों के लाभ हानि को पहचानने के लिए/To 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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B. इसे क्रेडिट करना चाहिए क्योंकि देयता घटना लाभ है/It 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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A. बिना लिखी संपत्ति लाभ है इसलिए पुनर्मूल्यांकन खाता क्रेडिट होना चाहिए/Unrecorded 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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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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A. जब संपत्ति का मूल्य पुनर्मूल्यांकन से बदला हो/When 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?
A. स्मरणीय पुनर्मूल्यांकन खाता/Memorandum 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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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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B. भवन कमी की तरह हानि/Loss 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?
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B. क्योंकि लाभ प्रवेश से पहले की संपत्तियों के मूल्य परिवर्तन से जुड़ा है/Because 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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A. पुराने साझेदारों के चालू खातों में क्रेडिट/Credit 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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A. पुराने साझेदारों के पूंजी खातों में/Old 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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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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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
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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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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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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Is question ka premium MCQ video banane ke liye ready prompt. Copy karke Sora, Runway, Canva AI, CapCut AI, ChatGPT video workflow ya editor me use karein.
Is question ka premium MCQ video banane ke liye ready prompt. Copy karke Sora, Runway, Canva AI, CapCut AI, ChatGPT video workflow ya editor me use karein.