Question:
At the time of retirement of a Partner, gain on revaluation will be credited to :
At the time of retirement of a Partner, gain on revaluation will be credited to :
Updated On: Sep 19, 2024
- Capital A/c od retiring partner
- Capital A/c of all partners in their old Profit Sharing ratio
- Capital accounts of remaining partners in their old Profit sharing ratio
- Capital A/c of the remaining Partners in their new Profit Sharing ratio
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The Correct Option is B
Solution and Explanation
The correct option is (B) :Capital A/c of all partners in their old Profit Sharing ratio.
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