Admission of partnership

Accountancy

In this question, it is mentioned that - on revaluating the assets the value of plant and machinery is reduced to 15000 , so the depreciated value should be 5000. But in the video , sir debited entire 15000 in revaluation acc . If they mentioned " by 15000 " only we should debit 15k in revaluation account right ?

akhil shihab

CMA Inter

★ 25

17-Nov-22 08:38

590

Answers (2)

Yes,that should be 5000 debit to revaluation a/c

Yamuna S

CA Inter

★ 15K+

17-Nov-22 08:41

Thank u yamuna

Thread Starter

akhil shihab

CMA Inter

★ 25

17-Nov-22 08:42