CUET AccountancyPartnership > HardIndian Partnership Act, 1932State GovernmentIndian Contract Act, 1872Central Government✅ Correct Option: 4Related questions:4 June Shift 2Choose the correct statement if a partnership deed is not present.3 June Shift 1Match List-I with List-II List–I (Events)List–II (Result)(A) Profit share(I) Gaining ratio.(B) Admission of Partners(II) Different concept(C) Retirement of a partner.(III) Equally among partners(D) Dissolution of firm and partnership.(IV) Sacrifice ratio. Choose the correct answer from the options given below:13 May Shift 2For distribution of profits made during a year among the partners, the following account is debited: