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what is revaluation of assets and liabilities?

Answer Posted / koteswara rao

Revaluation of sasets is nothing but revalue the particular
asset . The difference between the purchase time and paymet
time. the difference amount will be transfer to realized
gain or loss A/c

Revaluation of Liabilities is nothing but revalue the
pariticular liability.

Is This Answer Correct ?    11 Yes 9 No



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