Match List-I with List-II.

Choose the correct answer from the options given below :

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

The correct answer is option (2) : (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

* Increase in Furniture Value- Credit side of Revaluation A/c.
An increase in the value of furniture recorded on the credit side of a revaluation account represents a revaluation surplus. This means that the value of the furniture has increased beyond its original carrying amount, and this increase in value is recorded as a surplus in the revaluation account.

* Depreciation on Machinery- Debit side of Revaluation A/c. Revaluation account is debited to decrease the value of the machinery. The decrease in the asset's value is recorded as a debit in the revaluation account as it reduces the revaluation gain.

* General Reserve- Credit side of Partner's Capital A/c. General Reserve - The distribution of these profits or reserves to individual partners would be recorded in their respective capital or current accounts so show the increase in the balance of capital or current account of partners.

* Goodwill appearing in Books- Debt side of Partner 's Capital A/c. Goodwill is debited to Partner's Capital Accounts to show the reduction in the capital balance of partners. Goodwill appeared is written off.