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Class 12 · Accountancy
→A liability of ₹33600 for an old court case is now considered certain but was not recorded. What is its effect?
Class 12 · Accountancy
→A and B are old partners sharing profits in the ratio of 11:7. On admission of a new partner, a revaluation loss of ₹72,000 arises. By how much will B’s Capital Account be debited?
Class 12 · Accountancy
→A, B and C are old partners sharing profits in the ratio 5:3:2. The Revaluation Account shows a profit of ₹1,20,000. What amount will be credited to C’s Capital Account from this profit?
Class 12 · Accountancy
→The value of stock decreases from ₹2,80,000 to ₹2,51,500, while the value of investments increases from ₹1,40,000 to ₹1,62,000. What will be the net result of revaluation?
Class 12 · Accountancy
→The provision for doubtful debts is reduced from ₹26,000 to ₹19,800. What will be its effect on the Revaluation Account?
Class 12 · Accountancy
→Debtors are ₹184000. Bad debts ₹9000 are to be written off and 3 percent provision is to be made on the balance. What is the total revaluation debit?
Class 12 · Accountancy
→Equipment worth ₹46800 not recorded in old records is found. What is its correct treatment at admission?
Class 12 · Accountancy
→Unrecorded electricity liability ₹13750 relating to pre admission period is found. Which entry is correct?
Class 12 · Accountancy
→Creditors were recorded at ₹2,25,000 and were settled by mutual agreement for ₹2,10,500. What effect will be recorded in the Revaluation Account at the time of reconstitution?
Class 12 · Accountancy
→The book value of an old plant is reduced from ₹3,60,000 to ₹3,18,500. What is the correct effect on the Revaluation Account?
Class 12 · Accountancy
→At admission the book value of building was ₹750000 and the new value was fixed at ₹818000. What happens in Revaluation Account?
Class 12 · Accountancy
→On admission real revaluation method is adopted. An increase of ₹34000 in an asset is recorded. Which value will appear in the final balance sheet?
Class 12 · Accountancy
→The old firm shows assets at old values in the final balance sheet even after giving revaluation effect. Which method does this match?
Class 12 · Accountancy
→If on admission assets increase by ₹72000 and liabilities increase by ₹46000. What will be the revaluation result?
Class 12 · Accountancy
→If on admission assets decrease by ₹41000 and liabilities decrease by ₹28000. What will be the revaluation result?
Class 12 · Accountancy
→On admission old software was recorded at ₹48000 and its value is accepted at ₹65000. What will be the correct effect?
Class 12 · Accountancy
→On admission copyright recorded at ₹75000 in old books has market value of only ₹52000. What will happen in Revaluation Account?
Class 12 · Accountancy
→On the admission of a new partner, an environmental compensation liability of ₹62,000 is estimated, although it was not previously recorded in the firm's books. What will be its effect on the Revaluation Account?
Class 12 · Accountancy
→At the time of a new partner’s admission, the old partners discovered that a loan of ₹50,000 recorded in the books was actually a partner’s personal loan. What effect will removing this liability from the firm’s books have on the Revaluation Account?
Class 12 · Accountancy
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