Question

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

Answer:

profit:- 120000

Explanation:

Particulars. Amt. Part. Amt.

To plant & machinery 40000 |. By stock 160000

To Net Profit 120000 |. _______

160000. |. 160000