Workmen Compensation Reserve was appearing in the Balance Sheet at ₹ 4,00,000. At the time of admission of partner Sohail, claim for workmen compensation was ₹ 4,50,000. Determine the amount to be shown in Revaluation Account.
A. Debited ₹ 4,50,000
B. Credited ₹ 4,00,000
C. Debited ₹ 50,000
D. Credited ₹ 50,000
