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Class 12 · Accountancy
→On admission the balance of Advertisement Expenditure Account ₹30,000 is considered worthless. What will be its effect?
Class 12 · Accountancy
→Out of creditors of ₹75000, ₹10000 are no longer payable. What will happen in Revaluation Account?
Class 12 · Accountancy
→Stock is reduced from ₹60000 to ₹52500 and investments are increased from ₹40000 to ₹47000. What is the net effect in Revaluation Account?
Class 12 · Accountancy
→An unrecorded asset was recorded at ₹25000 and later sold for ₹23000. What will be the additional result?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 5:7. The total credit of the Revaluation Account is ₹132000 and its total debit is ₹84000. What will be A’s share of the profit?
Class 12 · Accountancy
→If lender's amount is increased by ₹14000 what type of effect is it?
Class 12 · Accountancy
→Unrecorded asset of ₹42000 and unrecorded liability of ₹36000 are found. What will be the net result?
Class 12 · Accountancy
→Existing provision for doubtful debts is ₹18000 and new required provision is ₹12500. What will happen in revaluation account?
Class 12 · Accountancy
→If gain items are ₹16000 and loss items are ₹10500 then what is the net revaluation result?
Class 12 · Accountancy
→If car value increased from ₹75000 to ₹82000 then which side of Revaluation Account is affected?
Class 12 · Accountancy
→If prepaid insurance of ₹3000 is found as an unrecorded asset then what happens in Revaluation Account?
Class 12 · Accountancy
→Which item will be treated as gain in Revaluation Account?
Class 12 · Accountancy
→If income received in advance, recorded as a liability, is reduced from ₹2,400 to ₹1,800, what is the result?
Class 12 · Accountancy
→If unrecorded cash of ₹2,000 is found by the firm, what is its effect on revaluation?
Class 12 · Accountancy
→The book value of a vehicle increased from ₹1,20,000 to ₹1,32,000, while the book value of a computer decreased from ₹55,000 to ₹47,000. What will be the net result of revaluation?
Class 12 · Accountancy
→If the value of a warehouse is reduced, how will the reduction appear in the Revaluation Account?
Class 12 · Accountancy
→An unrecorded asset of ₹35,000 and an unrecorded liability of ₹50,000 are found. What will be the net revaluation result?
Class 12 · Accountancy
→Which is the correct entry for recording an unrecorded trademark valued at ₹28,000?
Class 12 · Accountancy
→Creditors decreased from ₹1,25,000 to ₹1,10,000. What will be the effect on the Revaluation Account?
Class 12 · Accountancy
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