On what account realisation account differs from revaluation account.

Explanation

Revaluation Account


1.The result of appraisal of quality and assessment of liabilities square measure recorded during this account.


2.The main objective to organize the assessment account is to form the adjustment for the changes within the price of assets and liabilities


3.When there's any modification within the partnership deed. Like admission of Partner, Retirement of Partner, and death of Partner



Realisation Account


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