At the time of retirement of a partner profit on revaluation will be credited to ........

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At the time of retirement of a partner, profit on revaluation will be credited to :

Capital Account of retiring partner

Capital Accounts of all partners in the old profit sharing ratio.

Capital Accounts of the remaining partners in their old profit sharing ratio

Capital Accounts of the remaining partners in their new profit sharing ratio

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Explanation:

- Option 1: Capital Account of retiring partner. This is not entirely correct because the profit on revaluation is allocated among all partners, not just the retiring partner.

- Option 2: Capital Accounts of all partners in the old profit sharing ratio. This is correct. At the time of a partner's retirement, the profit on revaluation is credited to all partners' capital accounts in their old profit-sharing ratio to reflect past contributions.

- Option 3: Capital Accounts of the remaining partners in their old profit sharing ratio. This option doesn't apply as the retiring partner is also included.

- Option 4: Capital Accounts of the remaining partners in their new profit sharing ratio. Incorrect for revaluation profit division.

Correct Answer: Option 2 (Capital Accounts of all partners in the old profit sharing ratio)