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Realisation account vs revaluation account
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Answer Posted / v.aishwarya
when the firm is dissolved the books of the firm is to be
closed.. this is done by preparing an account
called "REALISATION A/C"
revaluation is the valuation of assets&liabilities at the
time of constitution of the partnership firm..
| Is This Answer Correct ? | 45 Yes | 16 No |
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