Question

If, at the time of admission, the revaluation A/c shows a profit, it should be credited to :(A) Old partners capital accounts in the old profit sharing ratio.
(B) All partners capital accounts in the new profit sharing ratio.
(C) Old partners capital accounts in the new profit sharing ratio.
(D) Old partners capital accounts in the sacrificing ratio. ​

Answer 1

Answer:

Option (A) Old partners capital accounts in the old profit sharing ratio

Explanation:

revaluation a/c is made before the admission of the new partner