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Class 12 · Accountancy
→Revaluation expense of ₹7500 is paid in cash on admission. What will be its effect in Revaluation Account?
Class 12 · Accountancy
→Which item does not appear on the credit side of Revaluation Account?
Class 12 · Accountancy
→Which item does not appear on the debit side of Revaluation Account?
Class 12 · Accountancy
→If increase in asset value is ₹55000 and old provision for doubtful debts ₹6000 is now unnecessary, what will be the total credit of Revaluation Account?
Class 12 · Accountancy
→Old balance sheet shows investments ₹84000 and investment fluctuation fund ₹16000. New value of investments is ₹70000. If the fund is adjusted first, what is the net effect in Revaluation Account?
Class 12 · Accountancy
→If accumulated depreciation account before revaluation is ₹22000 and the related asset is to be shown at ₹10000 above its net book value, what is the revaluation gain?
Class 12 · Accountancy
→Building changes from ₹500000 to ₹560000 and machinery from ₹300000 to ₹270000. Creditors decrease by ₹20000. What is the revaluation profit?
Class 12 · Accountancy
→In the first part of Memorandum Revaluation Account the debit side is higher. To whom will this loss be debited?
Class 12 · Accountancy
→In Memorandum Revaluation method, after sharing first stage profit among old partners, in which ratio is the reverse effect given in the second stage?
Class 12 · Accountancy
→Partners decide that Revaluation Account will not be opened and assets will remain at old values. Still through what can the effect of value changes be adjusted?
Class 12 · Accountancy
→At admission plant is shown at ₹180000. It is revalued at ₹162000 and a repair liability of ₹6000 is also created. What is the total debit?
Class 12 · Accountancy
→At the time of admission of a partner, revaluation reveals an unrecorded patent worth ₹32,000 and an unrecorded lawsuit liability of ₹47,000. What will be the net result of revaluation?
Class 12 · Accountancy
→Before admission A and B share profits in 2:1. Revaluation profit is ₹45000 and new ratio is 3:2:1. In which ratio will the profit be shared?
Class 12 · Accountancy
→Old provision was ₹3500. After writing off ₹10000 bad debts from debtors of ₹90000, a 5 percent provision is required on the balance. What is the additional loss?
Class 12 · Accountancy
→Debtors are ₹100000. Bad debts of ₹6000 are written off and a 4 percent provision is required on the balance. What is the total revaluation loss?
Class 12 · Accountancy
→Stock was ₹110000. Goods worth ₹8000 were found damaged and the remaining stock increased by 5 percent. What is the net effect in Revaluation Account?
Class 12 · Accountancy
→Computer value is increased from ₹96000 to ₹120000 but an old depreciation provision of ₹15000 is also to be reduced. What computer increase will be considered in revaluation?
Class 12 · Accountancy
→If there is only decrease in liabilities ₹22000 and decrease in assets ₹30000, what will be the revaluation result?
Class 12 · Accountancy
→If Revaluation Account shows only increase in assets ₹45000 and increase in liabilities ₹18000, what is the net result?
Class 12 · Accountancy
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