Explanation:

- Revaluation Account or Profit and Loss Adjustment Account:

- These accounts help to show any profit or loss arising from the revaluation of assets and liabilities in a partnership, especially during admission or retirement of a partner.

- They aim to adjust the book values to their current market value.

- Options:

- Real Account:

- Deals with tangible or intangible assets.

- Represents property or possessions of the business.

- Personal Account:

- Pertains to individuals, companies, or organizations.

- Includes accounts like debtors or creditors.

- Nominal Account:

- ? Represents expenses, losses, incomes, and gains.

- Used to calculate profits and losses, hence closed at the end of the financial period.

- Asset Account:

- Holds only items that are of value, owned by the company.

- Includes things like cash, equipment, inventory.

- Correct Answer:

- Option 3: Nominal Account

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