Match List-I with List-II

List-I	List-II
(A) Increase in assets at the time of retirement	(I) Debit side of Realisation Account
(B) Asset taken over by the partner at the time of dissolution of the firm	(II) Credit side of Revaluation Account
(C) Unrecorded Liability at the time of admission of the partner	(III) Credit side of Realisation Account
(D) Remuneration paid for realization of assets	(IV) Debit side of Revaluation Account

Choose the correct answer from the options given below:

Looking at each scenario and identifying the correct accounting treatment:

(A) Increase in assets at the time of retirement

When assets increase in value during retirement, this represents a gain to the firm. Revaluation Account is prepared to record changes in asset values. Any increase in asset value is credited to Revaluation Account (as it's a gain).

→ Matches with (II) Credit side of Revaluation Account

(B) Asset taken over by the partner at the time of dissolution of the firm

During dissolution, when a partner takes over an asset, the Realisation Account treats it as disposal of the asset. The asset is removed from the firm's books by crediting it to Realisation Account (similar to sale). The partner's capital account is debited for the agreed value.

→ Matches with (III) Credit side of Realisation Account

(C) Unrecorded Liability at the time of admission of the partner

When a new partner is admitted and an unrecorded (hidden) liability is discovered, this represents a loss to the existing partners. Revaluation Account is prepared before admission. Liabilities that were not recorded earlier reduce the firm's value, hence debited to Revaluation Account.

→ Matches with (IV) Debit side of Revaluation Account

(D) Remuneration paid for realization of assets

During dissolution, any expenses incurred for realizing (selling/disposing) assets are treated as realization expenses. All expenses related to dissolution are debited to Realisation Account as they reduce the amount available for distribution.

→ Matches with (I) Debit side of Realisation Account

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

Option 1 is correct.