Realisation account vs revaluation account
Answer Posted / nimish bhatia
whenever any change takes place in the profit sharing ratio
of a partnership firm, the assets n liabilities are
revalued on that date n for that purpose recaluation acc is
opened..... whereas realisation acc is opened wen the firm
is dissolved.. it takes into acc the book value on that
date of the assets n liab n their value realised.... n
hence the net loss/profit is distributed
| Is This Answer Correct ? | 233 Yes | 29 No |
Post New Answer View All Answers
what is the uniform public construction cost accounting act?
Expand-------NAST
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
how to calculate share values of a company.
in which group under we will open donation and hamali weekly payment account or ledger
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
Short Answer on _________Business
why do we charge the depreciation
can i have practical examples of AS-30
What is the Finalization of Accounts?
what is leverage n detail and tpoes of leverage with iagram?
What is the procedure to become charted accountant in India now. Please answer this is urgent
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
What is back value adjustment/correction in Nostro Reconciliations?
how to entry of hra