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Class 12 · Accountancy
→If warehouse value decreased from ₹60000 to ₹52000 then which side of Revaluation Account is affected?
Class 12 · Accountancy
→If car value increased from ₹75000 to ₹82000 then which side of Revaluation Account is affected?
Class 12 · Accountancy
→If commission payable of ₹4,200 is recorded in the books for the first time, what will be its effect on the Revaluation Account?
Class 12 · Accountancy
→If prepaid insurance of ₹3000 is found as an unrecorded asset then what happens in Revaluation Account?
Class 12 · Accountancy
→At the time of reconstitution, which of the following items is recorded as a loss in the Revaluation Account?
Class 12 · Accountancy
→Which item will be treated as gain in Revaluation Account?
Class 12 · Accountancy
→Two old partners share profits in equal proportions. At the time of admission of a new partner, revaluation of assets results in a loss of ₹5,000. How much of this loss will be allocated to each old partner?
Class 12 · Accountancy
→Two old partners share profits in equal proportions. At the time of admission of a new partner, revaluation of assets results in a profit of ₹7000. What amount of this profit will be credited to each old partner’s account?
Class 12 · Accountancy
→If old partners' ratio is not given then generally how will revaluation profit be shared?
Class 12 · Accountancy
→If machinery value remains the same then what is recorded in Revaluation Account?
Class 12 · Accountancy
→In which situation is no entry made in the Revaluation Account?
Class 12 · Accountancy
→If Revaluation Account has debit ₹13500 and credit ₹9000 then what is the balance?
Class 12 · Accountancy
→At the time of admission of a partner, if the debit total of the Revaluation Account is ₹8000 and the credit total is ₹12500, what will be the balance of the account?
Class 12 · Accountancy
→At the time of a partner’s admission, if the revaluation loss is debited to the old partners’ capital accounts, what will be its effect on their capital?
Class 12 · Accountancy
→At the time of admission of a new partner, if the Revaluation Account shows a profit and it is credited to the old partners’ Capital Accounts, what will be the effect on their capital?
Class 12 · Accountancy
→Three old partners share profits in the ratio 1:3:2. A revaluation loss of ₹12,000 is incurred. What will be the second partner’s share of this loss?
Class 12 · Accountancy
→Three old partners share in 2:2:1 and revaluation profit is ₹25000. What is the third partner's share?
Class 12 · Accountancy
→If a revaluation loss of ₹18,000 is incurred and the old partners share profits and losses in the ratio 4:5, how much loss will be debited to the first partner’s account?
Class 12 · Accountancy
→On the admission of a new partner, a revaluation profit of ₹15000 was earned. If the old partners share profits in the ratio 3:2, what will be the second partner’s share?
Class 12 · Accountancy
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