Match List I with List II
LIST I LIST II A. Interest on capital I. Admission of partner B. Gaining Ratio II. Profit/Loss in the old profit sharing ratio C. Sacrificing ratio III. Continuing partners D. Revaluation of Assets and Liabilities IV. when partnership deed specifically provide for it
Choose the correct answer from the options given below:
Match List I with List II
| LIST I | LIST II |
|---|---|
| A. Interest on capital | I. Admission of partner |
| B. Gaining Ratio | II. Profit/Loss in the old profit sharing ratio |
| C. Sacrificing ratio | III. Continuing partners |
| D. Revaluation of Assets and Liabilities | IV. 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).
Related questions:
2025: 15 May Shift 1
2025: 3 June Shift 2
2025: 3 June Shift 2