Where are the effects given when the value of assets increase at the time of the reconstruction of a partnership firm ?(A) Addition in assets value and the revaluation account will be credited.(B) Addition in assets value and the revaluation account will be debited.(C) Subtract from assets value and the revaluation account will be credited.(D) Subtract from assets value and the revaluation account will be debited.

Where are the effects given when the value of assets increase at the t

1.	Where are the effects given when the value of assets increase at the time of the reconstruction of a partnership firm ?(A) Addition in assets value and the revaluation account will be credited.(B) Addition in assets value and the revaluation account will be debited.(C) Subtract from assets value and the revaluation account will be credited.(D) Subtract from assets value and the revaluation account will be debited.
Answer» Correct option is (A) Addition in assets value and the revaluation account will be credited.