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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationHard

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A and B share old profits in 5:3. Revaluation profit is ₹64000 and C is admitted. How much will be credited to A's capital account?

Answer and explanation

Correct answer: ₹40000

Revaluation profit is distributed among old partners in the old ratio. A's share is ₹64000 × 5/8 = ₹40000.

Related tags

Old Ratio Revaluation Profit Capital Accounts Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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