Profit or loss on revaluation of assets and liabilities at the time of retirement of a partner is sh

MCQ Answer

Profit or loss on revaluation of assets and liabilities at the time of retirement of a partner is shared by

Topic : ACCOUNTING MASTERS IN TALLY ERP9

A. all partners in their old ratio

B. remaining partners in old ratio

C. remaining partners in gaining ratio

D. retired partner only

Correct Answer is :

A. all partners in their old ratio