If there is an increase in the value of the liability, then account will be debited, and account will be credited.

bank

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revaluation

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liability

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partners' capital

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Solution

The correct options are
B revaluation
C liability
For an increase in the value of liabilities, we pass the entry:
Revaluation A/c Dr.
To Liabilities A/c.

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If there is an increase in the value of the liability, then account will be debited, and account will be credited.

The correct options are B revaluation C liabilityFor an increase in the value of liabilities, we pass the entry: Revaluation A/c Dr. To Liabilities A/c.

The correct options are
B revaluation
C liability
For an increase in the value of liabilities, we pass the entry:
Revaluation A/c Dr.
To Liabilities A/c.