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Class 12 · Accountancy
→On which side are asset decrease and liability increase recorded in Revaluation Account?
Class 12 · Accountancy
→On which side are asset increase and liability decrease recorded in Revaluation Account?
Class 12 · Accountancy
→What is the result when the debit side of Revaluation Account is more than the credit side?
Class 12 · Accountancy
→What is the result when the credit side of Revaluation Account is more than the debit side?
Class 12 · Accountancy
→Mohan and Sohan share profits in the old ratio of 7:3. A revaluation loss of ₹20,000 is incurred. What will be Sohan’s share of this loss?
Class 12 · Accountancy
→Reena and Seema’s old profit-sharing ratio is 5:3. A profit of ₹16,000 arises from revaluation. What will be Reena’s share of this profit?
Class 12 · Accountancy
→Outstanding expenses have increased from ₹6,000 to ₹7,500. What will be the effect of this change on the Revaluation Account?
Class 12 · Accountancy
→Creditors decreased from ₹45000 to ₹40000. What will happen in Revaluation Account?
Class 12 · Accountancy
→If building value increased from ₹100000 to ₹112000 then what is the net effect?
Class 12 · Accountancy
→Computer value decreased from ₹25000 to ₹21000. What will happen in Revaluation Account?
Class 12 · Accountancy
→The book value of a firm’s stock increases from ₹12,000 to ₹15,000. What amount will be credited to the Revaluation Account for this increase?
Class 12 · Accountancy
→What is the effect on Revaluation Account when provision for doubtful debts is decreased?
Class 12 · Accountancy
→What is the effect on Revaluation Account when provision for doubtful debts is increased?
Class 12 · Accountancy
→Which account is debited when an unrecorded liability is brought into books?
Class 12 · Accountancy
→Which account is credited when an unrecorded asset is brought into books?
Class 12 · Accountancy
→Which is the correct journal entry for increase in liability?
Class 12 · Accountancy
→Which is the correct journal entry for decrease in liability?
Class 12 · Accountancy
→At the time of admission of a new partner, on which side of the Revaluation Account is a decrease in the value of debtors recorded?
Class 12 · Accountancy
→If debtors are increased in value then what happens in Revaluation Account?
Class 12 · Accountancy
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