Match List-I with List-II. LIST I(Events) LIST II(Result) (A) Profit…

The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Each event in a partnership has its own ratio or rule for sharing.

(A) Profit share — this matches (III) Equally among partners. Where the partnership deed is silent, the Partnership Act, 1932 makes partners share profits and losses equally, whatever their capital.

(B) Admission of Partner — this matches (IV) Sacrifice ratio. The old partners give up part of their share to the new partner, and the premium for goodwill he brings is shared in the ratio of their sacrifice.

(C) Retirement of a Partner — this matches (I) Gaining ratio. The continuing partners take over the retiring partner’s share, and he is compensated for goodwill by them in the ratio of their gain.

(D) Dissolution of firm and partnership — this matches (II) Different concept. In a dissolution of partnership the firm goes on with a changed agreement, while in a dissolution of the firm the relationship between all the partners ends and the business closes.