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memorandum revaluation a/c

Yoga M. (99 Points)

18 December 2017

could you please tell me what is the purpose of memorandum revaluation a/c.

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Muhammed Arif (18 Points)
Replied 19 December 2017

Memorandum Revaluation Account is prepared when at the time of admission/retirement the partnership firm does not want to change the values of assets and liabilities in the balance but wants to give its effect through partners' capitalaccounts

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Yoga M. (99 Points)
Replied 19 December 2017

thanks bro

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memorandum revaluation a/c

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