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depreciation provision MCQ Questions for Class 12

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3 questions tagged with depreciation provision.

Question 1/3 Hard Accountancy Reconstitution - Admission of a Partner Asset Revaluation Class 12 Level 24

पुराना मूल्यह्रास प्रावधान ₹30000 है। संबंधित परिसंपत्ति का सकल मूल्य ₹200000 है और नया स्वीकार शुद्ध मूल्य ₹160000 है। पुनर्मूल्यांकन हानि कितनी है?

Old provision for depreciation is ₹30000. The related asset has gross value ₹200000 and the new accepted net value is ₹160000. What is the revaluation loss?

Explanation opens after your attempt
Correct Answer

A. ₹10000

Step 1

Concept

Old net value is ₹200000 - ₹30000 = ₹170000. New net value is ₹160000 so loss is ₹10000.

Step 2

Why this answer is correct

The correct answer is A. ₹10000. Old net value is ₹200000 - ₹30000 = ₹170000. New net value is ₹160000 so loss is ₹10000.

Step 3

Exam Tip

पुराना शुद्ध मूल्य ₹200000 - ₹30000 = ₹170000 है। नया शुद्ध मूल्य ₹160000 है इसलिए हानि ₹10000 है।

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Question 2/3 Hard Accountancy Reconstitution - Admission of a Partner Asset Revaluation Class 12 Level 24

प्रवेश पर मशीनरी ₹320000 से ₹296000 की गई और उसी मशीनरी पर मूल्यह्रास प्रावधान ₹10000 अतिरिक्त चाहिए। कुल डेबिट कितना होगा?

On admission machinery is reduced from ₹320000 to ₹296000 and an additional depreciation provision of ₹10000 is required on the same machinery. What will be the total debit?

Explanation opens after your attempt
Correct Answer

C. ₹34000

Step 1

Concept

Decrease in machinery is ₹24000 and additional provision is ₹10000. Total revaluation debit will be ₹34000.

Step 2

Why this answer is correct

The correct answer is C. ₹34000. Decrease in machinery is ₹24000 and additional provision is ₹10000. Total revaluation debit will be ₹34000.

Step 3

Exam Tip

मशीनरी में कमी ₹24000 है और अतिरिक्त प्रावधान ₹10000 है। कुल पुनर्मूल्यांकन डेबिट ₹34000 होगा।

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Question 3/3 Hard Accountancy Reconstitution - Admission of a Partner Asset Revaluation Class 12 Level 23

पुरानी बैलेंस शीट में मशीनरी ₹500000 और मूल्यह्रास प्रावधान ₹80000 है। प्रवेश पर मशीनरी का नया शुद्ध मूल्य ₹390000 है। पुनर्मूल्यांकन हानि कितनी है?

Old balance sheet shows machinery ₹500000 and provision for depreciation ₹80000. On admission the new net value of machinery is ₹390000. What is the revaluation loss?

Explanation opens after your attempt
Correct Answer

A. ₹30000

Step 1

Concept

Old net value is ₹500000 - ₹80000 = ₹420000. New net value is ₹390000 so loss is ₹30000.

Step 2

Why this answer is correct

The correct answer is A. ₹30000. Old net value is ₹500000 - ₹80000 = ₹420000. New net value is ₹390000 so loss is ₹30000.

Step 3

Exam Tip

पुराना शुद्ध मूल्य ₹500000 - ₹80000 = ₹420000 है। नया शुद्ध मूल्य ₹390000 है इसलिए हानि ₹30000 है।

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