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6.6 | Dissolution Of Firm, , , , wf 7. Difference Between Realisation Account And Revaluation Account, , 5) pReali 1, , 1. Prepared at the time of dissolution ofa firm, , 2. It is prepared to know the profit or loss on, the sale of assets and settlement ;, , 3. Assets and liabilities are shown at their, book values ., , 4. Firm is dissolved after its Preparation, , Reoe es], , , , Revaluation Account i, , 1. Prepared at the time of admission,, retirement or death of a partner., , 2. It is prepared to show the asset and liability, at their revised values and to know the, Profit or loss arising there from., , 3. Increase or decrease in the value of assets, and liabilities are recorded,, , 4. Firm continues even after its preparation,, , , , , , , , , , , , ‘and 3-Preparation of Partners’ capital account z ind