Give two points of distinction between Revaluation Account and Realisation Account.

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Distinction between revaluation account and realisation account:
Revaluation account Realisation account
1. An account opened by the firm to know whether there is any change in the value of assets and liabilities of a firm during reconstitution.
2. Revaluation account comprises of only those assets and liabilities, whose values are revised. Realisation acoount is account prepared to ascertain the net profit or loss onj the sale of assets or discharge of liabilities, during dissolution.
Realisation account contains all assets and liabilities.

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On what account Realisation Account differs from Revaluation Account?

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Revaluation account	Realisation account
1. An account opened by the firm to know whether there is any change in the value of assets and liabilities of a firm during reconstitution. 2. Revaluation account comprises of only those assets and liabilities, whose values are revised.	Realisation acoount is account prepared to ascertain the net profit or loss onj the sale of assets or discharge of liabilities, during dissolution. Realisation account contains all assets and liabilities.