Question:
At the time of retirement of a Partner, gain on revaluation will be credited to :
At the time of retirement of a Partner, gain on revaluation will be credited to :
Updated On: Mar 26, 2026
- Capital A/c od retiring partner
- Capital A/c of all partners in their old Profit Sharing ratio
- Capital accounts of remaining partners in their old Profit sharing ratio
- Capital A/c of the remaining Partners in their new Profit Sharing ratio
Show Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct option is (B) :Capital A/c of all partners in their old Profit Sharing ratio.
Was this answer helpful?
0
0
Top CUET Accountancy Questions
- As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were ₹ 2,50,000 subscriptions outstanding on 1-04-2019 ₹ 50,000, Subscriptions received in advance as on 31-3-2020 are ₹ 30.000. Subscriptions for the year 2019-20 will be:
- At the time of admission of a new partner general reserve appearing in the old balance sheet is transferred to_______
- Match List-I with List-IIChoose the correct answer from the options given below:
LIST I: Basis of Debenture LIST II: Types of Debenture (A) Tenure (I) Zero coupon rate (B) Interest rate point of view (II) Irreedemable (C) Security (III) Registration (D) Bearer (IV) Secured - On retirement of a partner, the retiring partner's capital account will be credited with ______
- Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be______
View More Questions
Top CUET Capital Account Questions
- Match List I with List II
LIST I
LIST II
A Only Capital A/c exist I Credited to partner's capital account B Capital account balance remain unchanged II Debited to Partner's Capital Account C Fresh/additional capital brought in by partner III Fixed Capital Account D Permanent withdrawal IV Fluctuating Capital Account
Choose the correct answer from the options given below: - Balance Sheet provides information about the financial position of the enterprise:
- Need for valuation of goodwill arises in the following circumstances:
(A) Admission of a new partner
(B) Change in profit sharing ratio among the existing partners
(C) Dissolution of the partnership firm involving sale of business as a going concern
(D) Death of a partner
Choose the correct answer from the options given below:
Top CUET Questions
Select the statements that are CORRECT regarding patterns of biodiversity.
(A) Species diversity increases as we move away from the equator towards the poles(B) The tropical Amazon rain forest in South America has the greatest biodiversity on earth.(C) There is more solar energy available in the temperate region than tropics.(D) Tropical environments are less seasonal relatively more constant and predictableWhich of the following hormone is not produced by placenta ?
- Individuals with karyotype of 44+XXY having overall masculine development with few feminine development like Gynaecomastia has _______ chromosomal disorder.
- Match List - I with List - II.Choose the correct answer from the options given below :
List - I
List - II
A Streptokinase I Blood-Cholestrol lowering agents B Cyclosporin II Clot Buster C Statins III Propionibacterium sharmanii D Swiss Cheese IV Immuno suppressive agent Which of the following option determines percolation and water holding capacity of soils ?
View More Questions