Account
This query is : Resolved
21 June 2013
What is the nature of revaluation account?
Whether it is real, personal or nominal...?????
plzzz answer me
Whether it is real, personal or nominal...?????
plzzz answer me
22 June 2013
1)it is nominal natured account
2)revaluation account is opened to record revaluation of assets and liabilities and profit on revaluation is closed by chargiing to proft and loss account in the same year.
Thanks & regards
Ganesh babu
2)revaluation account is opened to record revaluation of assets and liabilities and profit on revaluation is closed by chargiing to proft and loss account in the same year.
Thanks & regards
Ganesh babu
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