Question

Deffarent beetwen revaloation a/c and realaition a/c

Answer 1

Revaluation- Revaluation account is prepared only where there is any change in the value of asset and liabilities of the partnership firm,at the time of admission, retirement and death of a partner.
Realisation- Realisation account is opened when the firm goes into liquidation,so as to close the books of account and also to compute the net effect ( profit and loss) arising due to the realisation of assets and settlement of liabilities.