. Any profit from revaluation account is in partners' capital account in the
(a) debited; new (b) debited; old (c) credited; new (d) credited; old
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Answer:
credited in old partners capital account
option(d) is our correct answer
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Answer:
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Explanation:
Revaluation Profit is credited to All Partners' Capital Accounts (including the retiring partners) in their old profit sharing ratio.
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