Revaluation profit or loss pertains to the period before the reconstitution. Since these gains or losses arose when only the old partners existed, they are shared by the old partners in their old profit sharing ratio.
Profits made on Revaluation of Assets and Reassessment of Liabilities is distributed among whom?
Held on 20 Jun 2023 · Verified 13 Jul 2026.
All Partners
Admitted Partner only
Retiring Partner only
Old Partners
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Match List-I with List-II | List-I | List-II | |---|---| | (A) Meaning of Dissolution | (I) Section 49,of the partnership Act 1932 | | (B) Application of Assets | (II) Section 39,of the partnership Act 1932 | | (C) Private Debts Vs Firm's Debts | (III) Section 4,of the partnership Act 1932 | | (D) Nature of Partnership | (IV) Section 48,of the partnership Act 1932 | Choose the correct answer from the options given below:
Which of the below mentioned methods are considered while valuing goodwill (A) Average Profits Method (B) Super Profits Method (C) Peacemeal distribution Method (D) Capitalization Method Choose the correct answer from the options given below:
Under which method No. of Year's Purchase are not considered
If nothing is mentioned, the amount due to retiring partner is transferred to _______.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Accumulated Profits/Losses | (I) New Ratio | | (B) Share of goodwill at the time of admission of a partner | (II) Gaining Ratio | | (C) Division of profits after admission of a partner | (III) Old Ratio | | (D) Share of goodwill at the time of retirement/death of a partner | (IV) Sacrificing Ratio | Choose the correct answer from the options given below:
Work through every CUET UG Partnership PYQ, year by year.