Question:
Book value of stock \(₹ 40,000\). However the stock is found overvalued by \(₹ 4,000/-.\) The amount \(₹ 4,000\) will be:
Book value of stock \(₹ 40,000\). However the stock is found overvalued by \(₹ 4,000/-.\) The amount \(₹ 4,000\) will be:
Updated On: Mar 12, 2025
- Debited to Revaluation A/c
- Credited to Revaluation A/c
- Debited to Partner's capital A/c
- Credited to Partner's capital A/c
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A) :Debited to Revaluation A/c
Was this answer helpful?
0
0
Top Questions on Balance sheet statement
- Give a specimen of vertical form of Balance Sheet.
- UP Board XII - 2025
- Accountancy
- Balance sheet statement
- Show the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013: (a) Prepaid Insurance
(b) Capital Work-in-Progress
(c) Unpaid Dividend- CBSE CLASS XII - 2025
- Accountancy
- Balance sheet statement
- From the following Balance Sheet of GGM Ltd., prepare a Comparative Balance Sheet.
- CBSE CLASS XII - 2025
- Accountancy
- Balance sheet statement
- Under which major headings and sub-headings (if any) will the following items be shown in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013?
(a) Calls-in-Advance
(b) Loose tools
(c) Trade marks- CBSE CLASS XII - 2025
- Accountancy
- Balance sheet statement
- Which of the following is not contained in Account group – Current Liabilities in the Balance Sheet?
- CBSE CLASS XII - 2025
- Accountancy
- Balance sheet statement
View More Questions
Questions Asked in CUET exam
- Pointing to a man, Rani says, "He is the son of my mother's only daughter.” How is the man related to Rani?
- CUET (UG) - 2025
- Blood Relations
- A person walks 10 m North, then turns right and walks 5 m, then turns right again and walks 10 m. What direction is he facing now?
- CUET (UG) - 2025
- Direction sense
- A disc of mass $ M $ and radius $ R $ is rolling without slipping with linear velocity $ v $. What is its total kinetic energy?
- CUET (UG) - 2025
- Rotational motion
- R and S are partners in a 4:1 ratio. T is admitted and gets 1/5 share, equally from both. Find the new ratio.
- CUET (UG) - 2025
- Partnership Accounts
- Rearrange the parts to form a logical sentence:
A) the city's new policy
B) has significantly improved
C) air quality
D) over the past year- CUET (UG) - 2025
- Sentence Arrangement
View More Questions