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Class 12 · Accountancy
→Old provision for doubtful debts was ₹7000. On admission the required provision is found to be ₹5000. What will happen in Revaluation Account?
Class 12 · Accountancy
→Just before admission a 5 percent provision for doubtful debts is created on debtors of ₹80000. How much will be debited to Revaluation Account?
Class 12 · Accountancy
→Building book value was ₹250000 and after revaluation it became ₹220000. What is the correct entry in Revaluation Account?
Class 12 · Accountancy
→At the time of admission machinery value is increased from ₹90000 to ₹108000. What will be the effect in Revaluation Account?
Class 12 · Accountancy
→If the value of a liability decreases and at the same time the value of an asset also decreases how will the net result be calculated?
Class 12 · Accountancy
→If old partners distribute revaluation profit before admitting the new partner in which ratio will it be considered correct?
Class 12 · Accountancy
→If revaluation account shows loss what will be the effect on old partners' capital in closing entry?
Class 12 · Accountancy
→If revaluation account shows profit what will be the effect on old partners' capital in closing entry?
Class 12 · Accountancy
→The value of a patent increased from ₹90,000 to ₹1,02,000, while the value of a computer decreased from ₹76,000 to ₹68,000. What will be the net result of revaluation of the assets?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 7:5. A revaluation loss of ₹96,000 is incurred. By how much will A’s Capital Account be debited?
Class 12 · Accountancy
→A and B share profits and losses in the ratio 8:2. A revaluation profit of ₹75,000 is earned. What amount will be credited to B’s capital account?
Class 12 · Accountancy
→Why is cash capital brought by new partner not put into revaluation account?
Class 12 · Accountancy
→Which of the following item will not be recorded in revaluation account?
Class 12 · Accountancy
→At the time of admission of a new partner, creditors are reduced from ₹96,000 to ₹88,000. What amount will be shown for creditors in the new balance sheet?
Class 12 · Accountancy
→If vehicles are reduced from ₹175000 to ₹150000 what amount will appear for vehicles in the new balance sheet?
Class 12 · Accountancy
→If land is changed from ₹620000 to ₹690000 what amount will land appear at in the new balance sheet?
Class 12 · Accountancy
→Why is the new partner not directly affected by asset revaluation?
Class 12 · Accountancy
→An unrecorded asset was recorded at ₹25000 and later sold for ₹23000. What will be the additional result?
Class 12 · Accountancy
→During the reconstitution of a partnership, an unrecorded liability of ₹16,000 is recorded and immediately paid in cash. What will be the combined effect?
Class 12 · Accountancy
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