Please explain question no. 8 breifly under 30 mins cause tomorrow is my exam
Dear Student,
Profit/ Loss of Revaluation is to be shared among old partners in old ratio at the time of admission of new partner.
Therefore, Loss from revaluation of Rs. 9000 will be debited among old partners i.e., A and B in the ratio of 2 : 1
A = 9000 x 2/3 = 6000
B = 9000 x 1/3 = 3000
Therefore, option A is correct Option.
Regards
Profit/ Loss of Revaluation is to be shared among old partners in old ratio at the time of admission of new partner.
Therefore, Loss from revaluation of Rs. 9000 will be debited among old partners i.e., A and B in the ratio of 2 : 1
A = 9000 x 2/3 = 6000
B = 9000 x 1/3 = 3000
Therefore, option A is correct Option.
Regards