State which of the following statements is True or False:1.Revaluation – InterviewSolution

1.

State which of the following statements is True or False:1.Revaluation account is prepared at the time of dissolution while realization account at the time of reconstitution of the firm. 2. Realisation account records the fluctuations in the assets and liabilities of the firm.

Answer»

1.False,

2.False,

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