Select the most appropriate answer from the alternatives given below :

1.	Select the most appropriate answer from the alternatives given below :The profit or loss from revaluation on retirement of partner is shared by _________.OptionsAll the partnersThe remaining partnersOnly retiring partnerNone of these
Answer» The profit or loss from revaluation on retirement of a partner is shared by all the partners. Explanation: Revaluation profit arising on retirement of a partner is shared by all the partners in their old profit sharing ratio (including the retiring partner).

Select the most appropriate answer from the alternatives given below :The profit or loss from revaluation on retirement of partner is shared by _________.OptionsAll the partnersThe remaining partnersOnly retiring partnerNone of these

Answer»

The profit or loss from revaluation on retirement of a partner is shared by all the partners.

Explanation: Revaluation profit arising on retirement of a partner is shared by all the partners in their old profit sharing ratio (including the retiring partner).

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Select the most appropriate answer from the alternatives given below :The profit or loss from revaluation on retirement of partner is shared by _________.OptionsAll the partnersThe remaining partnersOnly retiring partnerNone of these

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