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Why revaluation a/c is prepared?

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Why revaluation a/c is prepared?

Posted by Deepak Singh 6 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Atul Kumar 6 years, 4 months ago

Is it

Atul Kumar 6 years, 4 months ago

Because at the time of admission/ retirement/death we need to calculate the partner's share (contribution) in business at the present situation to settle his/her account so prepare revaluation ( in which we revalue our of liabilities and assets)

Miss Mor 6 years, 4 months ago

For analysing the effect of change in the values of assets and liabilities.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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