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what is revaluation of assets and liabilities?
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Answer Posted / koteswara rao
Revaluation of sasets is nothing but revalue the particular
asset . The difference between the purchase time and paymet
time. the difference amount will be transfer to realized
gain or loss A/c
Revaluation of Liabilities is nothing but revalue the
pariticular liability.
| Is This Answer Correct ? | 11 Yes | 9 No |
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