Match the following with regard to partnership | List I | List II | |---|---| | A. When a new partner joins the partnership | I. Compulsory dissolution | | B. When an existing partner leaves the partnership | II. Admission of a partner | | C. When the business of firm becomes illegal | III. Prepared in the case of death of a partner | | D. Executor's Account | IV. Retirement of a Partner | Choose the correct answer from the options given below:

Question

Option 1: A-IV, B-II, C-I, D-III

Option 2: A-I, B-II, C-IV, D-III

Option 3: A-II, B-IV, C-I, D-III

Option 4: A-II, B-I, C-IV, D-III

AfterBoards · Accepted Answer

The answer is 'A-II, B-IV, C-I, D-III'. View full solution:

List-I	List-II
Interest on Drawings	Time (Month)
(A) When the amount is withdrawn at the beginning of each month.	(I) 6 months
(B) When the amount is withdrawn at the end of each month.	(II) 6.5 months.
(C) When the amount is withdrawn at the middle of each month.	(III) 5.5 months.
(D) When the amount is withdrawn at the end of each quarter.	(IV) 4.5 months.

	1 April, 2020	31 Mar 2021
Stock of Stationary	4,000	3,000
Creditors for stationery	9,000	2,500

CUET Accountancy 2022 16 July Shift 2 PYQs

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