Q. What treatment is made of accumulated profits and losses on the retirement of a partner?
  • (A) Credited to all partner’s capital accounts in old ratio.
  • (B) Debited to all partner’s capital accounts in old ratio.
  • (C) Credited to remaining partner’s capital accounts in new ratio.
  • (D) Credited to remaining partner’s capital accounts in gaining ratio.
💬 Discuss
✅ Correct Answer: (A) Credited to all partner’s capital accounts in old ratio.

💬 Discussion

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