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Profit or loss on revaluation is shared among the old partners in _______ ratio. 
  • a)
    Old Profit Sharing
  • b)
    New Profit Sharing 
  • c)
    Capital 
  • d)
    Equal 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Profit or loss on revaluation is shared among the old partners in ____...
Bcoz all the assets and liabilities are old which are appreciated or depriciated then they divide in their old ratio
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Community Answer
Profit or loss on revaluation is shared among the old partners in ____...
Because they were using assets while ratio was old so profit on revaluation will be distributed in old ratio
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Profit or loss on revaluation is shared among the old partners in _______ ratio.a)Old Profit Sharingb)New Profit Sharingc)Capitald)EqualCorrect answer is option 'A'. Can you explain this answer?
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