The balance of Revaluation Account is transferred to Old Partner's Capital Account in which ratio at the time of admission of new partner?

Old profit-sharing ratio

The correct answer is option 1- Old profit-sharing ratio.

The balance of Revaluation Account is transferred to Old Partner's Capital Accounts in their old profit sharing ratio.

When a partnership undergoes a revaluation of assets and liabilities, the resulting gain or loss needs to be adjusted among the existing partners based on their profit-sharing ratio as that profit or loss belongs to old partners so it is divided into old ratio. If old ratio is not given then it is divided into equal ratio.