Accountancy, asked by marbakorkurbah3, 8 months ago

20. Distinguish between revaluation account
and memorandum devaluation account.​

Answers

Answered by Anonymous
3

revaluation account is prepared when assets and liabilities are shown in balance sheet with their new values. while memorandum revaluation account is prepared when assets and liabilities are shown in balance sheet with their old values.

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