Accountancy, asked by narenchauhan031, 7 months ago

nature of revaluation account is​

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Answered by yaminijadhav
3

The nature of Revaluation Account is that it is opened to record the revaluation of assets and liabilities. The profit or loss arising because of evaluation is transfered to old partners capital account in their old profit sharing ratio.

Answered by rajasrinivasarao45
1

Explanation:

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