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easyMCQCUET Accountancy 2022 20 July Shift 12026Accountancy
1 mark

Plant and Machinery in the balance sheet is Rs. 1,00,000. Plant is to be appreciated to Rs. 1,20,000. Amount to be shown in Revaluation Account:
image

  1. A
    Rs. 1,00,000
  2. B
    Rs. 20,000
  3. C
    Rs. 1,20,000
  4. D
    Rs. 2,20,000

Solution & Step-by-step Explanation

Plant and Machinery increases from Rs. 1,00,000 to Rs. 1,20,000.Increase = .This increase will be credited to the Revaluation Account.

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Plant and Machinery in the balance sheet is Rs. 1,00,000. Plant is to be appreciated to Rs. 1,20,000. Amount to be shown in Revaluation Account:
image
A
Rs. 1,00,000
B
Rs. 20,000
C
Rs. 1,20,000
D
Rs. 2,20,000

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