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A,B and C who are presently sharing profit and losses in the ratio of 5:3:2, decide to share future profits and losses in the ratio of 2:3:5 with effect from 1st April 2012.Balance sheet shown land building of 100000.What should be accounting g treatment if it decide it valued them at Rs.125000.By what amount revolution account should be credited in
  • a)
    Rs.12500
  • b)
    Rs.1250
  • c)
    Rs.2500
  • d)
    Rs.25000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A,B and C who are presently sharing profit and losses in the ratio of ...
Land & building amt.=100000 it revalued by amt.125000 therefore =125000-100000 =25000 d option is correct
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Community Answer
A,B and C who are presently sharing profit and losses in the ratio of ...
Because only reduce and increase amount of assets and liabilities are to be written in revaluation account. so building is increase then building is written in credit side of revaluation account as - building=25000
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A,B and C who are presently sharing profit and losses in the ratio of 5:3:2, decide to share future profits and losses in the ratio of 2:3:5 with effect from 1st April 2012.Balance sheet shown land building of 100000.What should be accounting g treatment if it decide it valued them at Rs.125000.By what amount revolution account should be credited ina)Rs.12500b)Rs.1250c)Rs.2500d)Rs.25000Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A,B and C who are presently sharing profit and losses in the ratio of 5:3:2, decide to share future profits and losses in the ratio of 2:3:5 with effect from 1st April 2012.Balance sheet shown land building of 100000.What should be accounting g treatment if it decide it valued them at Rs.125000.By what amount revolution account should be credited ina)Rs.12500b)Rs.1250c)Rs.2500d)Rs.25000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B and C who are presently sharing profit and losses in the ratio of 5:3:2, decide to share future profits and losses in the ratio of 2:3:5 with effect from 1st April 2012.Balance sheet shown land building of 100000.What should be accounting g treatment if it decide it valued them at Rs.125000.By what amount revolution account should be credited ina)Rs.12500b)Rs.1250c)Rs.2500d)Rs.25000Correct answer is option 'D'. Can you explain this answer?.
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