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in Accounts by (43.3k points)

Loss of revaluation account at the time of retirement or death is recorded in ……………… account in ………………… ratio on ……………….. side of the capital accounts.

(A) remaining partners, new profit-loss sharing, debit
(B) all partners, old profit-loss sharing, credit
(C) all partners, old profit-loss sharing, debit
(D) all partners, equal proportion, debit

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1 Answer

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by (44.3k points)

Correct option is (C) all partners, old profit-loss sharing, debit

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