Accountancy, asked by shubhyadav2504, 8 months ago

Revaluation account is opened at the time of: *​

Answers

Answered by eeshawalia
0

Answer:

At the time of admission, a nominal account known as the revaluation account is opened to revalue and reassess the assets and the liabilities. These assets and liabilities are revalued so that there is no undue gain to the incoming partner

Explanation:

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