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Class 12 · Accountancy
→Which of the following items will be debited to the Revaluation Account?
Class 12 · Accountancy
→Which item will be credited in Revaluation Account?
Class 12 · Accountancy
→If repair expense of ₹1200 is outstanding and was not recorded then how will it be recorded?
Class 12 · Accountancy
→If insurance claim of ₹2500 is treated as an unrecorded asset then what happens in Revaluation Account?
Class 12 · Accountancy
→Who will bear the loss arising from revaluation on admission of a partner?
Class 12 · Accountancy
→If existing provision for doubtful debts is reduced from ₹5000 to ₹3500 then what is the gain?
Class 12 · Accountancy
→If an additional provision for doubtful debts of ₹1500 is created on debtors then what is it?
Class 12 · Accountancy
→If vehicle book value is ₹40000 and revalued value is ₹34000 then what is the loss?
Class 12 · Accountancy
→At the time of a partner’s admission, if the book value of land is ₹90,000 and its revalued value is ₹95,000, what will be the gain on revaluation?
Class 12 · Accountancy
→Which is the correct journal entry for decrease in value of an asset?
Class 12 · Accountancy
→Which is the correct journal entry for increase in value of an asset?
Class 12 · Accountancy
→If the debit side of Revaluation Account is ₹25000 and the credit side is ₹21000 then what is the result?
Class 12 · Accountancy
→If the credit side of Revaluation Account is ₹18000 and the debit side is ₹12000 then what is the result?
Class 12 · Accountancy
→Where is the final balance of Revaluation Account closed?
Class 12 · Accountancy
→Why does the new partner not get a share in revaluation profit before admission?
Class 12 · Accountancy
→When is Revaluation Account prepared on admission of a partner?
Class 12 · Accountancy
→If investments of ₹7000 were not in the books and are now found then what will happen?
Class 12 · Accountancy
→If outstanding salary of ₹3000 is recorded for the first time then what will it be treated as?
Class 12 · Accountancy
→If creditors are reduced from ₹20000 to ₹18000 then what will happen in Revaluation Account?
Class 12 · Accountancy
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