Question

Revaluation gains and losses are carried at the time of retirement

• A. By the remaining partners
• B. By all the partners
• C. By the new partners
• D. None of them

Hint:

Revaluation gains and losses are shared by the remaining partners upon the retirement of a partner in the partnership firm.

Answer 1

The Correct Option is A

Step 1: Concept of revaluation.
Revaluation gains and losses arise when the assets and liabilities of a partnership are revalued at the time of a partner's retirement.
Step 2: Distribution of revaluation gains and losses.
At the time of retirement, revaluation gains and losses are shared by the remaining partners in the ratio of their profit-sharing ratio.
Step 3: Conclusion.
Thus, the correct answer is (A) By the remaining partners. Final Answer: \[ \boxed{\text{By the remaining partners}} \]