Question : Gain (profit) or loss on revaluation of assets and reassessment of llabilities is transferred to Partner Capital Accounts in their
Option 1: Capital Ratio
Option 2: Equal ratio
Option 3: Old Profit-sharing Ratio
Option 4: Gaining ratio

Question

Question : Gain (profit) or loss on revaluation of assets and reassessment of llabilities is transferred to Partner Capital Accounts in their

Option 1: Capital Ratio

Option 2: Equal ratio

Option 3: Old Profit-sharing Ratio

Option 4: Gaining ratio

Team Careers360 · Accepted Answer

Correct Answer: Old Profit-sharing Ratio

Solution : Answer = Old Profit-sharing Ratio

Profit and loss on revaluation of assets and liabilities is transferred to the partner's capital account in their old profit-sharing ratio.
Hence, the correct option is 3.

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Question : Gain (profit) or loss on revaluation of assets and reassessment of llabilities is transferred to Partner Capital Accounts in theirOption 1: Capital RatioOption 2: Equal ratioOption 3: Old Profit-sharing RatioOption 4: Gaining ratio

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Question : Gain (profit) or loss on revaluation of assets and reassessment of llabilities is transferred to Partner Capital Accounts in their
Option 1: Capital Ratio
Option 2: Equal ratio
Option 3: Old Profit-sharing Ratio
Option 4: Gaining ratio

Question : At the time of admission of a partner, the balance of the Investments Fluctuation
Reserve, after meeting the loss on revaluation of investments is transferred to _of in their___.

Question :
At the time of retirement of a partner, profit (gain) on revaluation will be credited to the Capital Accounts of