Accumulated loss was shared in the capital ratio instead of the old profit-sharing ratio. What should be the correct basis for correction?

Correct answer: पुराना लाभ-वितरण अनुपात

The governing concept is that accumulated profit or loss belongs to the period before reconstitution. Rights and obligations relating to that old period must therefore be allocated according to the old profit-sharing ratio, because that was the agreement under which the income or loss arose. The capital ratio is relevant only where the partnership agreement specifically requires it for a particular adjustment; it is not the normal basis for an accumulated loss. The new ratio applies to future profits, and the sacrificing ratio is used mainly for goodwill adjustment on admission. Therefore the incorrect capital-ratio allocation must be corrected with reference to the old profit-sharing ratio, making option A correct.