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Class 12 · Accountancy
→A and B are partners sharing profits in the ratio of 5:2. At the time of admission of a new partner, revaluation of assets results in a loss of ₹49,000. How much will be debited to A’s Capital Account?
Class 12 · Accountancy
→A and B share profits in the ratio of 7:3. On the admission of a new partner, a revaluation profit of ₹40,000 arises. This profit is to be distributed among the old partners. How much will be credited to B’s Capital Account?
Class 12 · Accountancy
→In which ratio is revaluation loss distributed among old partners?
Class 12 · Accountancy
→Which group of partners receives revaluation profit?
Class 12 · Accountancy
→An unrecorded tax payable of ₹11000 is found. Which account will be debited?
Class 12 · Accountancy
→Unrecorded furniture of ₹16000 is found. What will be the correct accounting effect?
Class 12 · Accountancy
→If the bank overdraft increases from ₹60,000 to ₹72,000, what entry will be made in the Revaluation Account?
Class 12 · Accountancy
→Creditors decreased from ₹125000 to ₹110000. What will be the effect on revaluation account?
Class 12 · Accountancy
→If equipment value decreases from ₹90000 to ₹76000 what loss will be recorded in revaluation account?
Class 12 · Accountancy
→If plant value increases from ₹180000 to ₹195000 what will happen in revaluation account?
Class 12 · Accountancy
→What is the process of bringing assets to new values at the time of admission called?
Class 12 · Accountancy
→Which statement is most correct about Revaluation Account?
Class 12 · Accountancy
→What is found by combining gains and losses in Revaluation Account?
Class 12 · Accountancy
→If tax liability of ₹9000 is found for the first time then what type of effect is it?
Class 12 · Accountancy
→If an unrecorded patent of ₹10000 is found then what type of effect is it?
Class 12 · Accountancy
→If the new partner asks for a share in asset appreciation before admission then what is the correct accounting view?
Class 12 · Accountancy
→Whom does Revaluation Account affect on admission of a partner?
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
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