On retirement or on the event of death of a partner, why do firm revaluate assets and reassess their liabilities? O a. To ascertain true profit or loss that is to be distributed to all partners in the old profit sharing ratio o b. Possibility of certain assets and liabilities remain unrecorded in the books of accounts O c. All options are correct O d. Revaluation is necessary as the value of assets and liabilities increase or decrease over a passage of time