If at the time of admission, the revaluation account shows a profit, it should be credited to:

a.

Old partners capital accounts in the sacrificing ratio

b.

All partners capital accounts in the new profit sharing ratio

c.

Old partners capital accounts in the old profit sharing ratio

d.

Old partners capital accounts in the new profit sharing ratio

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A, B and C are partners sharing profits in the ratio of 5:2:1. If the new ratio on the retirement of A is 3:2, what will be the gaining ratio?

a.

3:2

b.

2:3

c.

14:11

d.

11:14