Why revalution account is prepared ?

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Posted by Abbishek Rai 6 years, 11 months ago
- 2 answers
Sakib Arslan 6 years, 11 months ago
Because we have to find out profit or loss or revalu vo assets
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Yogita Ingle 6 years, 11 months ago
Revaluation a/c is prepared to find out the true value of assets and liabilities.So whenever there a adjustments regarding regarding increase or decrease of assets and liabilities revaluation a/c has to be prepared.
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