revaluation accounts

What is revaluation accounts?

revaluation accounts definition and meaning on Finance terms:
Balance sheet accounts for registration of the difference in the value of an asset or liability between the adjusted cost of its acquisition and its valuation at an end-of-period market price, when the latter is higher than the former in the case of assets, and when the latter is lower than the former in the case of liabilities. They include differences in both price quotation and/or market exchange rates. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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