During retirement, the revaluation results in a loss. Which partner(s) should bear the loss?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) →
All the partners in old profit sharing ratio
During retirement, the revaluation results in a loss. Which partner(s) should bear the loss?
Correct answer: option 3
The correct answer is Option (3) →
All the partners in old profit sharing ratio