At the time of retirement of a partner, credit balance of profit and loss account shown in balance sheet is shown in …………………(A) Capital accounts of all partners, on credit side, in old profit and loss ratio(B) Capital accounts of all partners, on debit side, in old profit and loss ratio.(C) Capital account of retiring partner, on credit side(D) Capital account of continuing partners on debit side, in their gain

At the time of retirement of a partner, credit balance of profit and l

1.	At the time of retirement of a partner, credit balance of profit and loss account shown in balance sheet is shown in …………………(A) Capital accounts of all partners, on credit side, in old profit and loss ratio(B) Capital accounts of all partners, on debit side, in old profit and loss ratio.(C) Capital account of retiring partner, on credit side(D) Capital account of continuing partners on debit side, in their gain
Answer» Correct option is (A) Capital accounts of all partners, on credit side, in old profit and loss ratio