1. If a Revaluation of an asset is done for the first time and there is a revaluation gain, this should be shown in

a. Other Comprehensive Income as a Negative figure

b. Other Comprehensive Income as a Positive figure

c. The Statement of Profit and Loss Account as an Expense

d. The Statement of Profit and Loss as Income

2. The Revaluation Reserve Account should be accounted for as part of

a. Assets

b. Liability

c. Equity

d. Expense