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Class 12 · Accountancy
→If the old provision related to an asset is ₹4,200 and the revised provision required after reconstitution is ₹3,000, what entry will be made in the Revaluation Account?
Class 12 · Accountancy
→At the time of reconstitution, a provision against an asset is increased from ₹2,400 to ₹3,000. What effect will this have on the Revaluation Account?
Class 12 · Accountancy
→Which account is credited when the value of an asset decreases?
Class 12 · Accountancy
→Which account is debited when the value of an asset increases?
Class 12 · Accountancy
→If land value increases but books are not adjusted then which value is correct for final balance sheet?
Class 12 · Accountancy
→Which item will appear on the debit side of Revaluation Account?
Class 12 · Accountancy
→Which item will appear on the credit side of Revaluation Account?
Class 12 · Accountancy
→If debit total of Revaluation Account is ₹22000 and credit total is ₹17500 then what is the result?
Class 12 · Accountancy
→If debit total of Revaluation Account is ₹14000 and credit total is ₹19000 then what is the result?
Class 12 · Accountancy
→At the time of admission of a partner, machinery is decreased by ₹9,000 and creditors are decreased by ₹3,000 in the revaluation. What will be the net result of revaluation?
Class 12 · Accountancy
→In the Revaluation Account, furniture is increased by ₹2,000 and stock is decreased by ₹700. What will be the net result of these adjustments?
Class 12 · Accountancy
→Where is revaluation profit recorded under fluctuating capital method?
Class 12 · Accountancy
→Where is revaluation profit recorded under fixed capital method?
Class 12 · Accountancy
→On which side of old partners' accounts is revaluation loss recorded?
Class 12 · Accountancy
→On which side of old partners' accounts is revaluation profit recorded?
Class 12 · Accountancy
→Why is the old partners' ratio used in Revaluation Account?
Class 12 · Accountancy
→If market value of investment is less than book value then what happens in Revaluation Account?
Class 12 · Accountancy
→If market value of investment is more than book value then what happens in Revaluation Account?
Class 12 · Accountancy
→If an employee compensation claim is recorded first time at ₹5000 then what type of item is it?
Class 12 · Accountancy
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