There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion (A): Accumulated profits and losses will be debited and credited to all partner's capital accounts respectively in case of retirement of a partner from the partnership firm.
Reason (R): Accumulated profits of the firm are distributed among all partners in the old profit-sharing ratio.

Assertion (A) is false and Reason (R) is true.

Sometimes, the Balance Sheet of a firm may show accumulated profits in the form of general reserve and/on accumulated losses in the form of profit and loss account debit balance. The retiring/deceased partner is entitled to his/her share in the accumulated profits and is also liable to share the accumulated losses, if any. These accumulated profits or losses belong to all the partners and should be transferred to the capital accounts of all partners in their old profit sharing ratio.
The following journal entries are recorded for the purpose.
(i) For transfer of accumulated profits (reserves),
Reserves A/c Dr.
   To All Partners’ Capital A/c’s (Individually)
 (Reserves transferred to all partners’ capital account’s in old profit sharing ratio).
(ii) For transfer of accumulated losses
All Partners’ Capital A/c’s (Individually) Dr.
   To Profit and Loss A/c
(Accumulated loss transferred to all partners’ capital accounts in their old profit-sharing ratio).
So, the assertion should be reversed because accumulated profits are credited and losses are debited.