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प्रश्न
On C’s admission, Machinery appeared in the books of the firm at ₹ 1,80,000, and Furniture at ₹ 1,00,000. On revaluation, it was found that Machinery is overvalued by 20%. Net Loss on Revaluation is calculated at ₹ 40,000. What will be the revalued value of Furniture?
विकल्प
₹ 24,000
₹ 90,000
₹ 30,000
₹ 50 000
MCQ
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उत्तर
₹ 90,000
Explanation:
Calculate Machinery overvalued:
Actual Value = `1,80,000 xx 100/120`
= 1,50,000
Loss on Machinery = ₹ 1,80,000 − ₹ 1,50,000
= ₹ 30,000
The total net loss on revaluation is ₹ 40,000.
Net Loss on Revaluation = Loss on Machinery + Loss on Furniture
40,000 = 30,000 + Loss on Furniture
Loss on Furniture = 40,000 − 30,000
= 10,000
Revalued Value of Furniture = 1,00,000 − 10,000
= 90,000
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