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Class 12 · Accountancy
→Debtors are ₹180000. Bad debts of ₹12000 are to be written off and 5 percent provision is required on the balance. If old provision is ₹6000, what is the total additional loss?
Class 12 · Accountancy
→Outstanding salary of ₹14000 was already recorded. On admission actual liability is found to be ₹9500. What effect will occur in Revaluation Account?
Class 12 · Accountancy
→The firm's old records did not include an insurance claim. On admission a claim of ₹27000 is considered certainly receivable. What will be the correct entry?
Class 12 · Accountancy
→Old balance sheet shows prepaid advertisement of ₹36000. On admission its full benefit is considered expired. What will happen in Revaluation Account?
Class 12 · Accountancy
→On admission out of old creditors of ₹175000, ₹22000 were disputed and are no longer considered payable. What will happen in Revaluation Account?
Class 12 · Accountancy
→On admission an unrecorded licence of ₹44000 is found and a renewal liability of ₹9000 is created. What will be the net revaluation result?
Class 12 · Accountancy
→A and B share old profits in 5:3 and the new ratio among A B C is 4:3:1. Profit in the second part of Memorandum Revaluation is ₹32000. What is C's share?
Class 12 · Accountancy
→In Memorandum Revaluation the profit of the first part is shared among old partners in which ratio?
Class 12 · Accountancy
→In Memorandum Revaluation Account the first part shows a loss of ₹50000. What result will the second part show?
Class 12 · Accountancy
→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
→Old balance sheet shows investments ₹240000 and Investment Fluctuation Fund ₹18000. New value of investments is ₹230000. What will be the result after adjusting the fund?
Class 12 · Accountancy
→On admission machinery is reduced from ₹320000 to ₹296000 and an additional depreciation provision of ₹10000 is required on the same machinery. What will be the total debit?
Class 12 · Accountancy
→Which situation will be recorded on the credit side of Revaluation Account?
Class 12 · Accountancy
→Which situation will be recorded on the debit side of Revaluation Account?
Class 12 · Accountancy
→The total of the credit side of the Revaluation Account is ₹2,10,500, while the total of the debit side is ₹1,98,750. What will be the result of this account?
Class 12 · Accountancy
→The book value of an office building decreases from ₹6,00,000 to ₹5,40,000. An unrecorded property tax liability of ₹18,000 relating to the same building is discovered. What will be the total revaluation loss recorded in the Revaluation Account?
Class 12 · Accountancy
→On admission an unrecorded copyright of ₹38000 and an unrecorded bonus liability of ₹12500 are found. What is the net result?
Class 12 · Accountancy
→X and Y share profits in the old ratio of 13:7. The Revaluation Account shows a loss of ₹80,000. How much will be debited to Y’s Capital Account in the old ratio?
Class 12 · Accountancy
→A, B and C share profits in the old ratio of 4 : 3 : 2. On the admission of a new partner, a revaluation profit of ₹72,000 is earned. How much will be credited to B’s capital account under the old ratio?
Class 12 · Accountancy
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