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Question
Match the following items:
| (i) | Gain on revaluation on retirement | (a) | Old profit sharing ratio |
| (ii) | Share of goodwill of retiring partner | (b) | New profit sharing ratio |
| (iii) | Workmen Compensation Reserve appearing in the Balance Sheet | (c) | Sacrificing ratio |
| (d) | Gaining ratio |
Match the Columns
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Solution
| (i) | Gain on revaluation on retirement | (a) | Old profit sharing ratio |
| (ii) | Share of goodwill of retiring partner | (d) | Gaining ratio |
| (iii) | Workmen Compensation Reserve appearing in the Balance Sheet | (a) | Old profit sharing ratio |
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