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MCQ
Match List I with List II and select the correct answer using the codes given below:
List I | List II |
(i) Sacrificing ratio | 1. Investment fluctuation fund |
(ii) Old profit sharing ratio | 2. Accumulated profit |
(iii) Revaluation Account | 3. Goodwill |
(iv) Capital Account | 4. Unrecorded liability |
Options
(i) (ii) (iii) (iv) 1 2 3 4 (i) (ii) (iii) (iv) 3 2 4 1 (i) (ii) (iii) (iv) 4 3 2 1 (i) (ii) (iii) (iv) 3 1 2 4
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Solution
(i) | (ii) | (iii) | (iv) |
3 | 2 | 4 | 1 |
Concept: New Profit Sharing Ratio and Sacrificing Ratio
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