Match the following list 1 with list 2.

1) d, 2) a, 3) c, 4) b

* Revaluation account serves as a record of changes in the value of assets and liabilities. When there is an increase in the value of each asset or a decrease in liabilities, it is considered a gain and is credited to the revaluation account. Conversely, when there is a decrease in the value of assets or an increase in liabilities, it is considered a loss and is debited to the revaluation account. Additionally, any unrecorded assets are credited to the revaluation account, and unrecorded liabilities are debited to the revaluation account to ensure proper accounting. After all the adjustments are made, the revaluation account's final balance can either be a credit or a debit. If it shows a credit balance, it indicates a net gain resulting from the revaluation process. On the other hand, if it shows a debit balance, it indicates a net loss from the revaluation. Ultimately, the net gain or net loss reflected in the revaluation account will be transferred to the capital accounts of the old partners based on the previously agreed-upon ratio among the partners. This ensures that the partners' capital accounts are adjusted to account for the changes in the partnership's assets and liabilities due to the revaluation.

* Partner's Capital account are debited in order to distribute the accumulated losses in existing partners in their old profit-sharing ratio. Advertisement suspense is an accumulated loss for the firm.

* When the Fixed capital method is followed by the partnership firm then it made 2 accounts named current account and capital account. All other transactions other than the introduction and withdrawal of capital is recorded in current account.