The correct answer is: A. Profit and Loss Adjustment Account.
A Profit and Loss Adjustment Account is prepared to adjust the profit or loss of the business for the year in accordance with the provisions of the partnership deed. This may include items such as partners’ drawings, interest on capital, and salaries.
A Profit and Loss Appropriation Account is prepared to allocate the profit or loss of the business to the partners in accordance with their profit-sharing ratios.
A Revaluation Account is prepared to record the revaluation of assets and liabilities at the end of the financial year.
A Profit and Loss Account is prepared to show the profit or loss of the business for the year. It is not used to implement the provisions of the partnership deed.