At what values, the assets and liabilities are shown in the books of reconstituted firm in case ‘Revaluation Account’ is prepared?
At what values, the assets and liabilities are shown in the books of reconstituted firm in case ‘Revaluation Account’ is prepared?
Anurag Pathak Changed status to publish
When Revaluation Account is prepared, the Assets and Liabilities are shown at their revised (revalued) values in the Balance Sheet of new firm.
Anurag Pathak Changed status to publish
