Concept of Revaluation of Assets and liabilities | Class 12

This master class is meant for students of Class 12 Accounts.

Here we will learn the entire usage of Revaluation as well as its usage in different situations. 

Revaluation in case of change in profit sharing ratio

Revaluation in case of Admission of a Partner

 Revaluation in case of Retirement of a Partner 

Revaluation in case of Death of a Partner 

How to distribute Revaluation profit/loss in different situations?

How to Prepare Revaluation Ledger Account?

How to pass journal entries for Revaluation of Assets & Liabilities?

What will be the effect of Revaluation of Assets & Liabilities on Balance Sheet ?

How to Prepare Statement of Revaluation  Gain / Loss; in case where original values of Assets & Liabilities are continued?

All my dear students, this class will compile all of your concepts regarding revaluation of assets and liabilities and surely there ll be no confusion left after it.

So get ready ! Be on time. I am waiting :)