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On retirement of a partner, gain on revaluation is transferred to ______ partner's Capital accounts in ______ ratio.

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Question

On retirement of a partner, gain on revaluation is transferred to ______ partner's Capital accounts in ______ ratio.

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Solution

On retirement of a partner, gain on revaluation is transferred to all partner's Capital accounts in old ratio.

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.158]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 4. | Page 4.158
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