The loss or gain an account of revaluation at the time of retirement of a partner is shared by:

Question

Quizplus · Accepted Answer

The loss or gain on account of revaluation at the time of retirement of a partner is shared by all partners, including the retiring partner, in their profit-sharing ratio up until the date of retirement. This is because the revaluation reflects changes in the value of assets and liabilities of the partnership up to that point.

The Loss or Gain an Account of Revaluation at the Time