Match List I with List II in context of not having partnership deed. | | LIST I | | LIST II | |---|---|---|---| | A. | Interest on loan | I. | Equal | | B. | Interest on drawings | II. | Will not be charged | | C. | Salary | III. | @ 6% p.a. | | D. | Profit sharing ratio | IV. | Will not be allowed/provided | Choose the correct answer from the options given below:

Question

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

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

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

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

AfterBoards · Accepted Answer

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

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

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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