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If after revaluation a profit of ₹30,000 is shown, it is distributed among
AOld partners in their OLD profit-sharing ratio
BAll partners equally
CNew partners in their new ratio
DNew partners only
Answer & Solution
Correct answer: A. Old partners in their OLD profit-sharing ratio
Revaluation gains/losses relate to events prior to admission, so they belong to the OLD partners in their old profit-sharing ratio. The incoming partner is not entitled to a share.
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