Match list I with list II and choose the correct ans from the options given below:

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

* Loss on revaluation- A Revaluation Account is created to determine the net gain or loss resulting from the revaluation of assets and/or liabilities. The resulting balance is subsequently transferred to the capital accounts of all partners, including those who are retiring or deceased, in accordance with their existing profit-sharing ratios. The profit is credited to partner's capital account as it is gain and loss on revaluation is debited to partner's capital accounts as it is loss of the firm which is borne by the partners.

* Profit on revaluation- A Revaluation Account is created to determine the net gain or loss resulting from the revaluation of assets and/or liabilities. The resulting balance is subsequently transferred to the capital accounts of all partners, including those who are retiring or deceased, in accordance with their existing profit-sharing ratios. The profit is credited to partner's capital account as it is gain and loss on revaluation is debited to partner's capital accounts as it is loss of the firm which is borne by the partners.

* Premium brought by new partner- Premium brought by the new partner is for compensating the old partners. It is credited to old partners account in their sacrificing ratio.

* On death of a partner, profit till date of death is ₹2000- To account for the deceased partner's share of profits during the interim period in the company's financial records, the following journal entry is recorded: Debit Profit and Loss Suspense Account and Credit Deceased Partner's Capital Account. Subsequently, the Profit and Loss Suspense Account is reconciled by transferring its balance to the Gaining Partners' Capital Accounts based on their gaining ratio.