Accountancy, asked by piyush2969, 6 months ago

Profit or loss on revaluation of assets and liabilities is distributed among the partners in

their _______________ ratio​

Answers

Answered by ranjitselvand
1

Answer:

In case of retirement of a partner, profit or loss on revaluation of assets and re-assessment of liabilities is distributed among all existing partners in old profit sharing ratio.

Explanation:

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