(i) The profit or loss shown by the Revaluation Account at the time of retirement of a partner is transferred to the Capital Accountsof the partners in the ___________ratio.(ii) At thetime of retirement / death , the undistributed profit - losses and reserves are distributed_________among all the partners in their ______________ Profit - sharing ratio.(iii) Unless agreedotherwise , it is presumed the continuing partners gain in their ____________ and hence their__________ isSameas their old profit - sharing ratio.(iv)_______________isthe ratio in which the remaining partners acquire the share of retiring or deceased partner . (v) At time of retirement or death of a partners in their _____________ ratio.(vi) When firm pays an amount in excess of total amount due to the retiring partner , then excess amount is treated as ___________.

(i) The profit or loss shown by the Revaluation Account at the time of

1.	(i) The profit or loss shown by the Revaluation Account at the time of retirement of a partner is transferred to the Capital Accountsof the partners in the ___________ratio.(ii) At thetime of retirement / death , the undistributed profit - losses and reserves are distributed_________among all the partners in their ______________ Profit - sharing ratio.(iii) Unless agreedotherwise , it is presumed the continuing partners gain in their ____________ and hence their__________ isSameas their old profit - sharing ratio.(iv)_______________isthe ratio in which the remaining partners acquire the share of retiring or deceased partner . (v) At time of retirement or death of a partners in their _____________ ratio.(vi) When firm pays an amount in excess of total amount due to the retiring partner , then excess amount is treated as ___________.
Answer» Solution :[ (i) OLD profit - sharing ; (II) old ;(iii) old profit - sharing RATIO , gaining ratio; (iv) Gaining ratio; (v) all , old ; (VI) hidden goodwill .]

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