MEMORANDUM REVALUATION ACCOUNT FORMAT
MEMORANDUM REVALUATION ACCOUNT Memorandum Revaluation Account is prepared in case when partners do not want to alter or revise the value of assets and liabilities. It is a Nominal Account. The Memorandum Revaluation Account Format consist of two parts: FIRST PART: In this part, the increase in assets and decrease in liabilities is shown at the…
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