Revaluation Account

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August 31, 2024 4 min read Definitions
Revaluation Account: Ensuring Fair Value During Partnership Changes
Finance Accounting Revaluation Account Partnership Financial Accounting Market Value Profit-Sharing
Revaluation Account refers to the process of adjusting the values of a partnership's assets and liabilities to reflect their current market value. This practice is crucial during events such as the admission of a new partner or the exit of an existing partner.
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