Match 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:

Let me match each event with its corresponding result:

(A) Profit share → (III) Equally among partners

Unless the partnership deed specifies otherwise, profits and losses are shared equally among all partners as per the Partnership Act. This is the default rule.

(B) Admission of Partners → (IV) Sacrifice ratio

When a new partner is admitted, the existing partners give up a portion of their profit share in favor of the incoming partner. The proportion in which they sacrifice is called the sacrifice ratio.

Sacrifice ratio = Old ratio - New ratio

(C) Retirement of a partner → (I) Gaining ratio

When a partner retires, the continuing partners acquire the retiring partner's share. The ratio in which they gain this share is called the gaining ratio.

Gaining ratio = New ratio - Old ratio

(D) Dissolution of firm and partnership → (II) Different concept

These are two distinct concepts:

• Dissolution of partnership means change in the existing agreement (due to admission, retirement, death, etc.) but the firm continues
• Dissolution of firm means complete closure of the business and settlement of accounts

Correct matching: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Option: 4