Question 25 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 3 Min Read July 12, 2024
Question 25 Chapter 6 of +2- Part
Q-25 - CH-6 - Usha +2 Book 2018 - Solution

Question 25 Chapter 6 of +2-Part-1

25. (Revaluation Entries) Record the following in journal on the retirement of A, the firm decided :
(a) To depreciate furniture on a straight-line basis @ 10% p.a. for two years on the cost of Rs. 70,000.
(b) To decrease the value of a stock by 25 %. The total cost is Rs. 15,000.
(c) To bring on record accrued interest @ 12% p.a. on debentures of X & Co. ; of Rs. 50,000 bought at Rs. 60,000.
(d) To appreciate the plant by 10,000.
(e) To create liability for a salary outstanding Rs 5,000.

The solution of Question 25 Chapter 6 of +2 Part-1: –

Day - 126 | Solution of Questions 24 to 29 Retirement of a Partner Chapter 6 Accounts class 12 PSEB
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Journal
Date   Particulars
 L.F. Debit Credit
a) Revaluation A/c Dr.   14,000  
  To Furniture A/c ( decrease 10% of 70,000 for 2 years)       14,000
  ( Being furniture revalued )        
           
b) Revaluation A/c Dr.   3,750  
  To Stock A/c ( decrease 15% of 15,000)       3,750
  ( Being Stock revalued )        
           
c) Accrued interest A/c(12% of 50,000) Dr.   6,000  
  To Revaluation A/c)       6,000
  ( Being accrued interest recorded in the books)        
           
d) Plant A/c Dr.   10,000  
  To Revaluation A/c)       10,000
  ( Being plant revalued )        
           
e) Revaluation A/c Dr.   5,000  
  To Outstanding salary A/c       5,000
  ( Being Outstanding salary provided )        
         

Comment if you have any questions.

End of Solution

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Question 01 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 05 Chapter 6 of +2- Part- 1 of USHA Publication Part – 1

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Question 11 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 13 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 15 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 24 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 25 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 28 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 6 of +2 Part- 1 – USHA Publication 12 Class

Question 30 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 6 of +2 Part- 1 – USHA Publication

Question 34 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 35 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 6 of +2 Part- 1 – USHA Publication

Question 40 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 6 of +2 Part- 1 – USHA Publication

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Question 44 Chapter 6 of +2 Part-1 – USHA Publication

Question 47 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 48 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 50 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 52 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 54 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 56 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 57 Chapter 6 of +2 Part- 1 – USHA Publication

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Question 58 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 60 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 61 Chapter 6 of +2 Part- 1 – USHA Publication

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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

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Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

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