Question :
Stock is undervalued by 10% (Book Value of Stock Rs.54,000), Revaluation account will be
Option 1: Debited with Rs 5400
Option 2: Credited with Rs 5,400
Option 3: Debited Rs 6,000
Option 4: Credited Rs 6,000

Question

Question :

Stock is undervalued by 10% (Book Value of Stock Rs.54,000), Revaluation account will be

Option 1: Debited with Rs 5400

Option 2: Credited with Rs 5,400

Option 3: Debited Rs 6,000

Option 4: Credited Rs 6,000

Team Careers360 · Accepted Answer

Correct Answer: Credited Rs 6,000

Solution : Answer = Credited Rs 6000

Credited with Rs 6000 ( $\frac{54000}{90} imes10$)

Stock A/c Dr 6000

To revaluation A/c 6000
Hence, the correct option is 4.

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Question : Stock is undervalued by 10% (Book Value of Stock Rs.54,000), Revaluation account will be Option 1: Debited with Rs 5400Option 2: Credited with Rs 5,400Option 3: Debited Rs 6,000Option 4: Credited Rs 6,000

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Question :
Stock is undervalued by 10% (Book Value of Stock Rs.54,000), Revaluation account will be
Option 1: Debited with Rs 5400
Option 2: Credited with Rs 5,400
Option 3: Debited Rs 6,000
Option 4: Credited Rs 6,000

Question :
An increase in the value of assets at the time of retirement of a partner is

Question :
Value of Land & Building is to be increased to Rs.5,00,000 (Book Value Rs.4,00,000), land and building account will be …

Question :
A computer purchased on 1st October 2016 for Rs.40,000 debited to Office Expenses Account is to be brought into account on 31st March 2018 charging depreciation @10% p.a. on written down value basis.

Question :
On the retirement of a partner, unrecorded liabilities are