Realisation account vs revaluation account
- 17 Answers
- 91157 Views
- Andhra Bank, I also Faced
- E-Mail Answers
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
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
What is corporate restructuring?
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
Can u please give me example of bonds? is National savings certificate a Bond?
what do you mean indirect expanse in trading business?
Expand-------NBTA
What is revaluation of assets.when it occurs
what is the difference between Assets Allocation & Security selection?
WHAT ARE EQUITY SECURITIES?
