Skip to main contentSkip to solution

Match List I with List II

LIST ILIST II
A. Interest on capitalI. Admission of partner
B. Gaining RatioII. Profit/Loss in the old profit sharing ratio
C. Sacrificing ratioIII. Continuing partners
D. Revaluation of Assets and LiabilitiesIV. when partnership deed specifically provide for it

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

Interest on capital is paid only when the partnership deed specifically provides for it (A-IV). Gaining ratio relates to continuing partners (B-III). Sacrificing ratio is used on admission of a new partner (C-I). Revaluation of assets and liabilities results in profit/loss shared in old PSR (D-II).

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question