| (i) | Stock is overvalued by Rs. 10,000 | (a) | Revaluation Profit = 10,000 |
| (ii) | Stock is undervalued by Rs. 10,000 | (b) | Revaluation loss = 12,000 |
| (iii) | Unrecorded asset 12,000 | (c) | Revaluation loss = 10000 |
| (iv) | Unrecorded liability = 12,000 | (d) | Revaluation Profit = 12,000 |
A) (i)-c; (ii)-a; (iii)-d; (iv)-b
B) (i)-b; (ii)-c; (iii)-d; (iv)-a
C) (i)-d; (ii)-a; (iii)-c; (iv)-b
D) (i)-c; (ii)-a; (iii)-b; (iv)-d
Correct Answer: A
Solution :
(i)-c; (ii)-a; (iii)-d; (iv)-b
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