In what ratio is profit/ loss on revaluation account divided among existing partners?

In case of Change in Profit Sharing Ratio, the profit or loss determined after revaluation of assets and liabilities will be distributed among the partners in their old profit sharing ratio.

  • -4
in case of admission of a partner,
old partners share in old ratio.

incase of retirement/death,
all the partners (including retiring/deceased partner) in old ratio.
  • 3
old ratio
  • 1
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