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cash paid MCQ Questions for Class 12

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Question 1/1 Hard Accountancy Reconstitution - Admission of a Partner Asset Revaluation Class 12 Level 22

प्रवेश पर पुनर्मूल्यांकन खर्च ₹7500 नकद में चुकाया गया। पुनर्मूल्यांकन खाते में इसका प्रभाव क्या होगा?

Revaluation expense of ₹7500 is paid in cash on admission. What will be its effect in Revaluation Account?

Explanation opens after your attempt
Correct Answer

A. ₹7500 डेबिटDebit ₹7500

Step 1

Concept

Expense related to revaluation is a loss for the firm. Therefore Revaluation Account is debited and Cash Account is credited.

Step 2

Why this answer is correct

The correct answer is A. ₹7500 डेबिट / Debit ₹7500. Expense related to revaluation is a loss for the firm. Therefore Revaluation Account is debited and Cash Account is credited.

Step 3

Exam Tip

पुनर्मूल्यांकन से संबंधित खर्च फर्म के लिए हानि है। इसलिए पुनर्मूल्यांकन खाते में डेबिट और नकद खाते में क्रेडिट होगा।

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