Revaluation account is also called as realisation account. (State True or False)
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NO...
REVALUATION AC IS SAME AS WELL AS REALISATION ACCOUNT
BUT IS DON'T CALLED SAME.. ACCOUNT
REVALUATION AC IS SAME AS WELL AS REALISATION ACCOUNT
BUT IS DON'T CALLED SAME.. ACCOUNT
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Nopes
Realization and revaluation are different
Realization accounts prepare at the time of dissolution
&
Revaluation ac open at time of
Admission and retirement of partnerships
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