What is the nature of ‘Revaluation Account’? Post category:Accountancy Reading time:1 mins read SOLUTION Revaluation Account is a nominal account in nature. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhen there is change in profit sharing ratio amongst existing partners, should the assets and liabilities be revalued? Next PostWhy are “Reserves & Surplus” distributed at the time of reconstitution of the firm? You Might Also Like What will be the effect of purchase of goods for cash Rs. 3,000 on Gross Profit Ratio? (C.B.S.E. 2020; Kolkata. Lucknow) October 3, 2022 A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners if C retires. August 3, 2022 In the absence of a Partnership Deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner? (C.B.S.E. 2019) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What will be the effect of purchase of goods for cash Rs. 3,000 on Gross Profit Ratio? (C.B.S.E. 2020; Kolkata. Lucknow) October 3, 2022
A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners if C retires. August 3, 2022
In the absence of a Partnership Deed, in which ratio do the old partners sacrifice their share of profit in case of admission of a new partner? (C.B.S.E. 2019) October 7, 2022
