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Class 12 · Accountancy · Medium
→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 · Medium
→Which is the correct entry for recording an unrecorded trademark valued at ₹28,000?
Class 12 · Accountancy · Medium
→Creditors decreased from ₹1,25,000 to ₹1,10,000. What will be the effect on the Revaluation Account?
Class 12 · Accountancy · Medium
→If the value of equipment decreases from ₹90,000 to ₹76,000, what loss will be recorded in the Revaluation Account?
Class 12 · Accountancy · Easy
→Which item will appear on the debit side of the Revaluation Account?
Class 12 · Accountancy · Easy
→If the debit total of the Revaluation Account is ₹14,000 and the credit total is ₹19,000, what is the result?
Class 12 · Accountancy · Easy
→If an employee compensation claim is recorded for the first time at ₹5,000, what type of item is it?
Class 12 · Accountancy · Easy
→If the revaluation profit is ₹9,000 and the old partners’ ratio is 2:1, how much will the partner with the larger share receive?
Class 12 · Accountancy · Easy
→What is the purpose of revaluing assets on the admission of a partner?
Class 12 · Accountancy · Medium
→Computer value changes from ₹80,000 to ₹70,000 and patent value changes from ₹40,000 to ₹52,000. What is the net result?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio of 5:3. The total of the credit side of the Revaluation Account is ₹70,000 and the total of the debit side is ₹30,000. What will be B’s share of the revaluation profit?
Class 12 · Accountancy · Medium
→If the value of vehicles is reduced on the admission of a partner, what type of revaluation effect is it?
Class 12 · Accountancy · Medium
→An unrecorded asset of ₹22,000 and an unrecorded liability of ₹17,000 are discovered. What is the net revaluation result?
Class 12 · Accountancy · Medium
→If the existing provision is ₹10,000 and the newly required provision is ₹7,000, what will be the effect in the Revaluation Account?
Class 12 · Accountancy · Easy
→If the book value of a vehicle is ₹40,000 and its revalued value is ₹34,000, what is the loss?
Class 12 · Accountancy · Easy
→If the credit side of the Revaluation Account is ₹18,000 and the debit side is ₹12,000, what is the result?
Class 12 · Accountancy · Easy
→Reena and Meena share profits in the old ratio 1:1. If the revaluation loss is ₹8,000, what loss will each partner bear?
Class 12 · Accountancy · Easy
→What does a debit balance of the Revaluation Account indicate?
Class 12 · Accountancy · Easy
→If the value of furniture is reduced from ₹30,000 to ₹24,000, what will be the effect in the Revaluation Account?
Class 12 · Accountancy · Medium
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