The revaluation profit is ____ to the capital accounts of all partners.
None of the above
either A or B
credited
debited
The revaluation profit is credited to the capital accounts of all partners.
If the value of goodwill is Rs. 3,00,000. The PSR of A, B and C is 1:1:1. A retires and new profit sharing ratio is 1:1. B and C Capital accounts will be debited with what amount?
The revaluation profit/ loss is transferred to the capital accounts of all partners in ______.