Accountancy, asked by Reeju1119, 3 months ago

What is the difference between memorandum revaluation account and memorandum reconsliation

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Answered by ahadalvi309
0

Answer:

Revaluation Account is prepared when the assets and liabilities are shown in the new balance sheet at the revalued figures. Memorandum Revaluation Account is prepared when the assets and liabilities are shown in the new balance sheet at their old or unaltered figures.

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