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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationEasy

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If old partners' ratio is not given then generally how will revaluation profit be shared?

Answer and explanation

Correct answer: Equally

When ratio is not given partners are generally treated equal. Share equally if no instruction is given.

Related tags

Missing-Ratio Equal-Sharing Profit Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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