Question

Write difference between Realisation
account and Revaluation account​

Answer 1

Question:

Write difference between Realisation

account and Revaluation account?

Answer:

Revaluation account is an account prepared to ascertain the variation in the values of the assets and liabilities of the firm. Realisation account is an account prepared to ascertain the net profit or loss on the sale of assets or discharge of liabilities. Only those assets and liabilities which are revalued.

Hope it helps uh mate

Answer 2

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