Correct Answer: revaluation account and realisation account

Solution : Answer = revaluation account and realisation account

A revaluation account is prepared at the time of the dissolution of the partnership. The Revaluation Account, prepared during partnership reconstitution events, adjusts asset and liability values. It captures profits or losses from revaluations distributed among partners based on their profit-sharing ratios.

At the time of dissolution of the partnership firm, realisation a/c is prepared. The account helps in closing assets and liabilities, recording amounts realised from asset sales, payments made for liabilities, and any expenses incurred during realisation.
Hence, the correct option is 1.