The balance of Revaluation Account is transferred to old Partner’s Capital Accounts in their:
A. Old Profit-sharing Ratio
B. New Profit-sharing Ratio
C. Equal Ratio
D. None of these
Answer:A
The balance of Revaluation Account is transferred to old Partner’s Capital Accounts in their:
A. Old Profit-sharing Ratio B. New Profit-sharing Ratio C. Equal Ratio D. None of these