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Class 12 · Accountancy
→In Revaluation Account what is recorded instead of the new value of an asset?
Class 12 · Accountancy
→If old furniture value is reduced from ₹16000 to ₹11000 then what is the revaluation effect?
Class 12 · Accountancy
→At the time of admission of a partner, the value of office equipment is increased from ₹18,000 to ₹22,000. What will be the gain from the revaluation of the asset?
Class 12 · Accountancy
→Why is cash sale not recorded in Revaluation Account at the time of admission?
Class 12 · Accountancy
→When closing revaluation account if there is loss which account will be credited?
Class 12 · Accountancy
→When closing revaluation account if there is profit which account will be debited?
Class 12 · Accountancy
→The book value of a vehicle increased from ₹1,20,000 to ₹1,32,000, while the book value of a computer decreased from ₹55,000 to ₹47,000. What will be the net result of revaluation?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 3:7. A revaluation loss of ₹80,000 is incurred. How much will be debited to B’s capital account?
Class 12 · Accountancy
→A and B share profits and losses in the ratio 6:4. A revaluation profit of ₹65,000 is realised. How much will be credited to A’s Capital Account?
Class 12 · Accountancy
→Why is new partner's capital not recorded in revaluation account on admission?
Class 12 · Accountancy
→Which of the following item will not go to revaluation account?
Class 12 · Accountancy
→If bills payable are increased from ₹38000 to ₹44000 what amount will appear in new balance sheet?
Class 12 · Accountancy
→If machinery is reduced from ₹240000 to ₹210000 what amount will appear for machinery in new balance sheet?
Class 12 · Accountancy
→If building is changed from ₹500000 to ₹560000 at revaluation at what amount will building appear in new balance sheet?
Class 12 · Accountancy
→Why does asset revaluation affect old partners' capital?
Class 12 · Accountancy
→An unrecorded asset was recorded at ₹18000 and later sold for ₹20000. What is the additional gain?
Class 12 · Accountancy
→An unrecorded liability of ₹20000 is paid in cash. What will be the combined effect?
Class 12 · Accountancy
→If increase in asset is wrongly debited what will be the effect on result?
Class 12 · Accountancy
→What problem occurs if full new value of an asset is wrongly recorded in revaluation account?
Class 12 · Accountancy
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