The loss or gain an account of revaluation at the time of retirement of a partner is shared by:

Related MCQs

• Revaluation account is operated to find out gain or loss at the time of:
• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• An account operated to ascertain the loss or gain at the death of a partner is called:
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• In the revaluation account a decrease in the value of plant and machinery:
• In the revaluation account an increase in the value of land and building:
• In case of retirement of a partner full good will is credited to the accounts of:
• The accounting procedure at the retirement of partner is valued:
• Retirement or death of a partner.
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners: