Realisation account vs revaluation account
Answer Posted / sai swaroop reddy
Revaluation a/c is prepared at the time of dissolution of partnership and the partners decide to revalue the assets as per the agreed value. However Realisation a/c is also prepared at the time of dissolution of partnership but only when the books of accounts are closed.
| Is This Answer Correct ? | 11 Yes | 3 No |
Post New Answer View All Answers
please send me last 3 years question & solution
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
What is the important of cash in a business unit
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
How to increase our credit rating score quickly?
what is the system of accounting and banking in cooperative bank?
how to entry in tally for other person check received
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
how to maintain E-Commerce companies accounts
how to check which item is sold by the sundry debtors in tally?
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector
Assets are held in the Business for the purpose of____________________
What is Split And buy-back?
Can u please give me example of bonds? is National savings certificate a Bond?
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty