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Class 12 · Accountancy
→A and B share profits and losses in the ratio 4:1. A revaluation loss of ₹25,000 is incurred. What amount will be debited to B’s Capital Account?
Class 12 · Accountancy
→A and B share profits in the ratio 3:2. At the time of admission of a new partner, a revaluation profit of ₹50,000 was earned. What will be A’s share of this revaluation profit?
Class 12 · Accountancy
→To whom is loss on revaluation debited?
Class 12 · Accountancy
→In which ratio is profit on revaluation distributed among old partners?
Class 12 · Accountancy
→An unrecorded liability of ₹18000 is found. What will happen in revaluation account?
Class 12 · Accountancy
→An unrecorded asset of ₹25000 is found. What will be its effect on revaluation account?
Class 12 · Accountancy
→If creditors increase from ₹90000 to ₹100000 what will be done in revaluation account?
Class 12 · Accountancy
→Bills payable decreased from ₹50000 to ₹42000. Which entry will be made in revaluation account?
Class 12 · Accountancy
→If machinery value decreases from ₹150000 to ₹120000 what will be the effect in revaluation account?
Class 12 · Accountancy
→If building value increases from ₹200000 to ₹240000 what will be recorded in revaluation account?
Class 12 · Accountancy
→Which account is prepared to show new values of assets and liabilities on admission of a new partner?
Class 12 · Accountancy
→Why is an unrecorded liability debited to Revaluation Account?
Class 12 · Accountancy
→What is the main objective of Revaluation Account?
Class 12 · Accountancy
→If revaluation has asset decrease ₹7000 and liability decrease ₹2000 then what is the net result?
Class 12 · Accountancy
→If Revaluation Account has only asset increase ₹4000 and liability increase ₹1500 then what is the net result?
Class 12 · Accountancy
→After admission of a new partner assets should be shown at what value?
Class 12 · Accountancy
→If capital accounts are fluctuating then where will revaluation loss go?
Class 12 · Accountancy
→If old partners' capital accounts are fixed then to which account is revaluation profit transferred?
Class 12 · Accountancy
→Kavita and Lata share profits in the old ratio of 4:1. A loss of ₹10,000 is incurred on revaluation. What will be Lata’s share of this loss?
Class 12 · Accountancy
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