Question

revaluation account, partner's capital account, balance sheet account , cash account , goodwill account

explain in detail about the accounts given above

please write correct answer​

Answer 1

Answer:

Revaluation account is a nominal account prepared for the purpose of distributing and transferring the profit or loss arising out of increase or decrease in the book value of assets and/ or liabilities of the partnership firm at the time of Change in profit sharing ratio, admission of a partner, retirement of a partner....

Step-by-step explanation:

Hope it helps you dear...

Answer 2

Answer:

Revaluation account is a nominal account. For an account to be termed as nominal, there should either be an expense, gain, loss or income.