The balance of revaluation account is transferred to the old partners capital account in there

Question

The balance of Revaluation Account is transferred to old partner’* Capital Accounts in Their

(a) Old Profit Sharing Ratio

(b) New profit sharing ratio

(c) Equal ratio

(d) of these

Answer 1

The balance of Revaluation Account is transferred to old partner’* Capital Accounts in their Old Profit Sharing Ratio.