Profit/Loss on Revaluation of Assets & Liabilities on the retirement of a partner is shared by the partners in their:

Gaining Ratio

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Old Profit Sharing Ratio

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New Profit Sharing Ratio

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Capital Ratio

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Solution

The correct option is B
Old Profit Sharing Ratio

Profit/Loss on Revaluation of Assets & Liabilities on the retirement of a partner is shared by the partners in their Old Profit Sharing Ratio.

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Profit/loss on revaluation of assets is shared by the old partners in their :

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