Pass the journal entry for increase in the value of assets or decrease in the value of liabilities in the Revaluation A/c?

Ans         Assets A/c    Dr.    (with the amount of increase)

               Liabilities A/c     Dr.    (with the amount of decrease)

                      To Revaluation A/c   (with the total amount of gain)

                      (Being revaluation of assets and liabilities)