What is a memorandum revaluation account and how is it prepared ?? What is the difference between a Memorandum Revaluation account and a revaluation account ??

Aditii · 3 Jul 2025

Memorandum revaluation mei hum saari cheeze reverse kr dete hai basically memorandum revaluation isliye banaya jaata hai taaki koi effect na aaye balance sheet par toh pehle revaluation account Banta hai fir profit ya loss old partners mei baant dete hai fir saari items ko reverse krke jo bhi profit ya loss ata hai ussey new partners mei baant dete hai . Issey balance sheet pe koi effect nhi aata