Question 38 Chapter 5 of Class 12 Part – 1 Usha Publication

Question 38 Chapter 5 of Class 12 Part – 1 Usha Publication

38. (Revaluation Entries) Pass Journal Entries for the following revaluations.
(a) Stockk Rs. 12,000 was increased to Rs. 15,000.
(b) Stock Rs. 12,000 was increased by 25%
.(c) Stock Rs. 12,000 was decreased by Rs. 10,000.
(d) Stock Rs. 12,000 was decreased to Rs. 10,000.
(e) Stock Rs. 12,000 was undervalued by 25%.
(f)Stock Rs. 12,000 was valued 25% above cost.

We are providing a solution of Question 38 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 36 to 38 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 38 from the flowing video by using time stamps of the video.

2. Check out the Solution of this question in Article Format:-

The solution of Question 38 Chapter 5 of Class 12 Part – 1 Usha Publication: -

Journal

Date	Particulars		L.F.	Debit	Credit
a)	Stock A/c	Dr.		3,000
	To Revaluation A/c				3,000
	(Being stock increased by Rs. 3,000)
b)	Stock A/c	Dr.		3,000
	To Revaluation A/c				3,000
	(Being 25% increased in value of stock)
c)	Revaluation A/c	Dr.		10,000
	To Stock A/c				10,000
	(Being stock decreased by Rs. 10,000)
d)	Revaluation A/c	Dr.		2,000
	To Stock A/c				2,000
	(Being stock decreased by Rs. 2,000)
e)	Stock A/c	Dr.		4,000
	To Revaluation A/c				4,000
	(Being stock value increased lessed now correct )
f)	Revaluation A/c	Dr.		2,400
	To Stock A/c				2,400
	(Being stock value 25% above the cost now corrected)

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