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Question
Match the following items:
| (i) | Revaluation A/c is opened | (a) | At the time of retirement |
| (ii) | Sacrificing Ratio | (b) | At the time of admission |
| (iii) | Valuation of Goodwill | (c) | At the time of reconstitution of partnership firm |
| (iv) | Gaining Ratio |
Match the Columns
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Solution
| (i) | Revaluation A/c is opened | (c) | At the time of reconstitution of partnership firm |
| (ii) | Sacrificing Ratio | (b) | At the time of admission |
| (iii) | Valuation of Goodwill | (c) | At the time of reconstitution of partnership firm |
| (iv) | Gaining Ratio | (a) | At the time of retirement |
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