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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationMedium

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In which ratio is revaluation loss distributed among old partners?

Answer and explanation

Correct answer: In old profit sharing ratio

Revaluation loss belongs to the business before admission. It is distributed in old profit sharing ratio.

Related tags

Revaluation Loss Old Ratio Distribution Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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