Search questions
Use text search or combine filters to find exactly the questions you need.
Class 12 · Accountancy
→What is the purpose of revaluing assets on the admission of a partner?
Class 12 · Accountancy
→If revaluation account shows no profit or loss what will be the effect on old partners' capital?
Class 12 · Accountancy
→The final entry for closing revaluation account relates to what?
Class 12 · Accountancy
→Computer value changes from ₹80,000 to ₹70,000 and patent value changes from ₹40,000 to ₹52,000. What is the net result?
Class 12 · Accountancy
→Old partners A and B share profits and losses in the ratio of 5:4. If a revaluation loss of ₹36,000 arises, what amount will be debited to A’s Capital Account?
Class 12 · Accountancy
→If old partners A and B share profits and losses in the ratio of 3:1 and a revaluation profit of ₹28,000 arises, what amount will be credited to B’s Capital Account?
Class 12 · Accountancy
→Why is goodwill premium on admission not put into revaluation account?
Class 12 · Accountancy
→Which item should not be recorded in revaluation account?
Class 12 · Accountancy
→If value of a liability is increased at revaluation at what value will it appear in the new balance sheet?
Class 12 · Accountancy
→If an asset value has been reduced at revaluation at what value will it appear in the new balance sheet?
Class 12 · Accountancy
→If land value increases and land is to be shown at new value in balance sheet which account will change?
Class 12 · Accountancy
→What is the main objective of asset revaluation on admission?
Class 12 · Accountancy
→If an unrecorded asset later sells for ₹10000 cash and it was recorded at ₹10000 what additional revaluation profit will arise?
Class 12 · Accountancy
→What is the final effect of an unrecorded liability paid in cash through revaluation process?
Class 12 · Accountancy
→If decrease in liability is wrongly debited what will be the effect on revaluation result?
Class 12 · Accountancy
→If the full new value of an asset is recorded in revaluation account what is the mistake?
Class 12 · Accountancy
→A and B share profits and losses in the ratio 2:3. The debit total of the Revaluation Account is ₹64,000 and the credit total is ₹24,000. What will be A’s share of the revaluation loss?
Class 12 · Accountancy
→A and B share profits in the ratio of 5:3. The total of the credit side of the Revaluation Account is ₹70,000 and the total of the debit side is ₹30,000. What will be B’s share of the revaluation profit?
Class 12 · Accountancy
→On which side of revaluation account are decrease in assets and increase in liabilities recorded?
Class 12 · Accountancy
→