Which of the following can be used on admission of a new partnership?

On admission of a new partner, the Revaluation account can be used. This account is used to adjust the values of the assets and liabilities of the old partnership to reflect their current market value. This is necessary to ensure that the new partner's capital contribution is properly reflected in the partnership's accounts. The revaluation account is credited for any increase in the value of assets and debited for any decrease, while the respective asset or liability account is debited or credited. By adjusting the values of the assets and liabilities, the partnership's balance sheet will reflect the true economic value of the partnership, taking into account changes in market conditions and the addition of a new partner.