Accountancy, asked by patelrajubhai881, 7 months ago

at which value assets-liabilities are shown in the balance sheet after revaluation

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Answered by MonicaDivya

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After revaluation has been done, the assets and liabilities appear at their current market values in the Balance Sheet of the reconstituted firm. This can be better explained with the help of the below explained example. A and B shares profit and loss equally. (Rs.)

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Answered by Hasini789

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