Question

(a) Revaluation account (or alternatively profit and loss
adjustment account) is a
(1) Real account
(ii) Nominal Account
(ii) Personal Account
(iv) None of the above​

Answer 1

Answer :

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Revaluation / profit & loss adjustment accounts is a nominal account, which is prepared at Admission / retirement / dissolution of partnership for evaluation of assets and assessments of liabilities.

so here's answer..

OPTION II : NOMINAL ACCOUNT is the right answer.

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Thanks & Good day :)