Question : Credit side of revaluation account Rs 60,000 and debit side of revaluation account Rs 40,000 . Entry for the balance will be .

Question : Vijay, a partner, paid realization expenses of Rs. 10,000 and these were to be borne by him. Vijay's capital account will be

Question : Vijay, a partner, paid realization expenses of Rs. 10,000 and these were to be borne by him. Vijay's capital account will be

Question : Bina and Tina are partners sharing profit and losses in the ratio of 3:2. They changed their profit-sharing ratio to 5:3 w.e.f  1st April 2020. The assets were revalued and liabilities were re-assessed on that date which resulted in a Loss of Rs 80,000. It  will be

Question : The amount of sundry assets transferred to Realisation A/c was Rs.1,20,000, 50% of them have been sold at a profit of Rs.25,000. 30% of the remaining assets were sold at a discount of 12% and the remaining were taken over by X (Partner) at 25% above book value. At what value