Question

2 marks
Q.No:9
Calculate revaluation profit or loss. Data
given, 1. Stock RS. 4,00,000 2. Plant and
machinery RS. 2,00,000 3. Plant and
machinery should be devaluated by 20%
and the stock should be appreciated by
40%.​

Answer 1

Explanation:

To devaluation on plant and machinery = 2,00,000×20/100=40,000

By Appreciation on stock = 4,00,000×40/100 =1,60,000

So, To profit = 1,20,000