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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationEasy

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Who will bear the loss arising from revaluation on admission of a partner?

Answer and explanation

Correct answer: Old partners in old ratio

This loss belongs to the period before admission so old partners bear it in old ratio. Do not use new ratio.

Related tags

Loss-Sharing Old-Partners Admission Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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