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Class 12 · Accountancy
→If outstanding salary of ₹3000 is recorded for the first time then what will it be treated as?
Class 12 · Accountancy
→If creditors are reduced from ₹20000 to ₹18000 then what will happen in Revaluation Account?
Class 12 · Accountancy
→How is an increase in liability value recorded in Revaluation Account?
Class 12 · Accountancy
→How is a decrease in liability value recorded in Revaluation Account?
Class 12 · Accountancy
→If the value of stock decreases then which account will be credited?
Class 12 · Accountancy
→If the value of building increases then which account will be debited?
Class 12 · Accountancy
→What type of account is Revaluation Account at the time of admission?
Class 12 · Accountancy
→Reena and Meena share profits in the old ratio 1:1. If the revaluation loss is ₹8,000, what loss will each partner bear?
Class 12 · Accountancy
→Amit and Sumit share profits in the old ratio of 3:2. A profit of ₹10000 arises from revaluation. What will be Amit's share of this profit?
Class 12 · Accountancy
→What is the entry to transfer revaluation loss to old partners' capital accounts?
Class 12 · Accountancy
→What is the entry to transfer revaluation profit to old partners' capital accounts?
Class 12 · Accountancy
→What does a debit balance of Revaluation Account show?
Class 12 · Accountancy
→What does a credit balance of Revaluation Account show?
Class 12 · Accountancy
→If an existing provision is reduced then what will happen in Revaluation Account?
Class 12 · Accountancy
→If a new provision for doubtful debts is created on debtors then what is the effect on Revaluation Account?
Class 12 · Accountancy
→What is the entry when an unrecorded liability is found?
Class 12 · Accountancy
→What is the entry when an unrecorded asset is found?
Class 12 · Accountancy
→If furniture value is reduced from ₹30000 to ₹24000 then what will happen in Revaluation Account?
Class 12 · Accountancy
→If machinery value is increased from ₹50000 to ₹60000 then how much will be credited to Revaluation Account?
Class 12 · Accountancy
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