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Question
Match List I with List II:
| List I | List II | ||
| A. | Retiring partner's share of goodwill | I. | Old profit sharing ratio |
| B. | Revaluation A/c Profit | II. | Gaining Ratio |
| C. | Admission of a partner | III. | Revaluation A/c Debit |
| D. | Unrecorded liability | IV. | Sacrificing ratio |
Options
A - II, B - III, C - IV, D - I
A - II, B - I, C - IV, D - III
A - IV, B - III, C - I, D - II
A - I, B - III, C - II, D - IV
MCQ
Match the Columns
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Solution
A - II, B - I, C - IV, D - III
Explanation:
| List I | List II | ||
| A. | Retiring partner's share of goodwill | I. | Old profit sharing ratio |
| B. | Revaluation A/c Profit | II. | Gaining Ratio |
| C. | Admission of a partner | III. | Revaluation A/c Debit |
| D. | Unrecorded liability | IV. | Sacrificing ratio |
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