# Question 38 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-38. - CH-2 - Usha +2 Book 2018 - Solution

Question 38 Chapter 5 of +2-Part-1

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:

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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.

## The solution of Question 38 Chapter 5 of +2 Part-1: –

 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 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 goodwill written off) e) Stock A/c Dr. 4,000 To Revaluation A/c 4,000 (Being stock valued 25% less not correct (25/75 X 12,000) f) Revaluation A/c Dr. 2,400 To Stock A/c 2,400 (Being stock valued 25% above the cost (12,000 X 25/125)) ii) Premium A/c Dr. 10,000 B’s Capital A/c Dr. 6,667 To A’s Capital A/c 10,000 To C’s Capital A/c 6,667 (Being goodwill brought of D and B’s share given to A and C sacrifice ratio) e) Entry D (i) and (ii) and the following entries A’s Capital A/c Dr. 25,000 B’s Capital A/c Dr. 16,667 C’s Capital A/c Dr. 8,333 To goodwill A/c 50,000 (Being goodwill written off) f) Revaluation A/c Dr. 2,400 To Stock A/c 2,400 (Being stock valued 25% above the cost (12,000 X 25/125))

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