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Class 12 · Accountancy · Hard
→On admission, 20% of equipment with book value ₹1,28,000 becomes useless and the remaining value increases by 15%. What is the correct net result?
Class 12 · Accountancy · Hard
→On admission, the old firm's plant stood at ₹250,000. Its revalued value became ₹275,000 and installation expense of ₹4,000 was paid. What is the net gain?
Class 12 · Accountancy · Hard
→On admission, patent decreases from ₹96,000 to ₹72,000, but trademark increases from ₹50,000 to ₹68,000. What is the net effect?
Class 12 · Accountancy · Expert
→At the time of admission of a partner, stock is revalued from ₹1,10,000 to ₹92,800 and patents are revalued from ₹55,000 to ₹70,000. What will be the net result of revaluation?
Class 12 · Accountancy · Expert
→Debtors are ₹96,000. Bad debts of ₹6,000 are to be written off and a 5% provision is to be made on the balance. What is the total revaluation loss?
Class 12 · Accountancy · Expert
→An unrecorded investment of ₹39,000 is brought into the books. Which entry is correct?
Class 12 · Accountancy · Expert
→Old creditors were ₹1,20,000 and after settlement the liability remains ₹1,08,000. What happens in Revaluation Account?
Class 12 · Accountancy · Expert
→Land value is increased from ₹4,80,000 to ₹5,25,000. What is the correct amount and side in Revaluation Account?
Class 12 · Accountancy · Hard
→On admission, old partners reduce furniture from ₹80,000 to ₹68,000, and on the same date an unrecorded piece of furniture worth ₹9,500 is found. What is the total effect from furniture?
Class 12 · Accountancy · Hard
→The old firm has cash of ₹50,000. On admission, physical cash count shows ₹48,000. What is the treatment of the shortage?
Class 12 · Accountancy · Hard
→On admission old partners decide that out of deferred advertisement expenditure of ₹45,000 only ₹15,000 is useful for future. How much will be debited to Revaluation Account?
Class 12 · Accountancy · Medium
→If liabilities increase by ₹36,000 and assets increase by ₹49,000, what will be the revaluation result?
Class 12 · Accountancy · Medium
→On admission, an unrecorded liability for refund of a government grant amounting to ₹33,000 is found. How will it be treated?
Class 12 · Accountancy · Medium
→If the revaluation loss is ₹60,000 and the old partners’ ratio is 5:3:2, how much will be debited to the third partner?
Class 12 · Accountancy · Medium
→On admission, unpaid interest of ₹20,000 is found on a bank loan of ₹3,00,000, and it was not recorded in the books. What will happen in the Revaluation Account?
Class 12 · Accountancy · Hard
→The old balance sheet shows machinery at ₹5,00,000 and a provision for depreciation of ₹80,000. On admission, the new net value of machinery is ₹3,90,000. What is the revaluation loss?
Class 12 · Accountancy · Hard
→Building increases by ₹90,000, stock decreases by ₹24,000, outstanding rent of ₹11,000 is found, and creditors decrease by ₹15,000. What is the revaluation result?
Class 12 · Accountancy · Hard
→On admission of a partner, land value increases from ₹4,00,000 to ₹5,10,000, and the firm pays brokerage of ₹9,000. What is the net revaluation profit?
Class 12 · Accountancy · Medium
→An unrecorded trademark is valued at ₹55,000 and an unrecorded tax liability of ₹18,000 is found. What is the net result?
Class 12 · Accountancy · Hard
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