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Class 12 · Accountancy
→On admission old partners decide that out of deferred advertisement expenditure of ₹45000 only ₹15000 is useful for future. How much will be debited to Revaluation Account?
Class 12 · Accountancy
→If liabilities increase by ₹36000 and assets increase by ₹49000. What will be the revaluation result?
Class 12 · Accountancy
→At the time of admission of a partner, the market value of stock is ₹88,000 and its book value is ₹94,000. In addition, an insurance claim of ₹3,000 on the stock has been admitted. What will be the net effect on the Revaluation Account?
Class 12 · Accountancy
→If a firm distributes revaluation loss in the new ratio why is it wrong?
Class 12 · Accountancy
→At the time of admission of a partner, an old asset is recorded in the books at ₹50,000. Its revalued amount is ₹62,000, and a separate provision of ₹7,000 is to be created for its repairs. What will be the net effect on the Revaluation Account?
Class 12 · Accountancy
→An old computer is recorded at ₹40000 but on admission its sale value is ₹11000 and value in use is ₹15000. If value in use is accepted what is the loss?
Class 12 · Accountancy
→On admission old creditors allowed a discount of ₹12500. What is the correct accounting effect?
Class 12 · Accountancy
→On admission an unrecorded liability for refund of government grant ₹33000 is found. How will it be treated?
Class 12 · Accountancy
→If revaluation loss is ₹60000 and old partners ratio is 5:3:2. How much will be debited to the third partner?
Class 12 · Accountancy
→At admission goodwill is not being treated separately and only assets are being revalued. Which of the following item will appear in Revaluation Account?
Class 12 · Accountancy
→Debtors are ₹96000. Bad debts are ₹4000 and old provision of ₹5000 is considered sufficient on the balance. What loss will be recorded in revaluation?
Class 12 · Accountancy
→If an asset has book value ₹75000 and it is accepted at ₹75000 itself. What will happen in Revaluation Account?
Class 12 · Accountancy
→Which statement is correct?
Class 12 · Accountancy
→Rent paid in advance was ₹24000. On admission ₹10000 is considered expired. What is the correct effect in revaluation?
Class 12 · Accountancy
→On admission unpaid interest of ₹20000 is found on bank loan of ₹300000 and it was not recorded in books. What will happen in Revaluation Account?
Class 12 · Accountancy
→On admission 25 percent of a fixed asset of ₹200000 is considered obsolete and the remaining value increases by 10 percent. What is the net effect?
Class 12 · Accountancy
→Old balance sheet shows machinery ₹500000 and provision for depreciation ₹80000. On admission the new net value of machinery is ₹390000. What is the revaluation loss?
Class 12 · Accountancy
→A firm directly credited asset increase of ₹48000 to old partners capital accounts without opening Revaluation Account. If real method is followed what was the correct process?
Class 12 · Accountancy
→If debtors decrease by ₹5000 and creditors decrease by ₹5000 at the same time. What will be the revaluation result?
Class 12 · Accountancy
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