The correct answer is option 4- (A)-(III), (B)-(IV), (C)-(I), (D)-(II).
LIST I
(Events)
|
LIST II
(Result)
|
| (A) Profit share |
(III) Equally among partners |
| (B) Admission of Partner |
(IV) Sacrifice ratio |
| (C) Retirement of a Partner |
(I) Gaining ratio |
| (D) Dissolution of firm and partnership |
(II) Different concept |
(A) Profit share- (III) Equally among partners.
In the absence of a specified profit sharing ratio in the partnership deed, the profits and losses of the firm will be divided equally among the partners, regardless of their individual capital contributions.
(B) Admission of Partners-(IV) Sacrifice ratio.
The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner is called sacrificing ratio. The new partner is required to compensate the old partner’s for their loss of share in the super profits of the firm for which he brings in an additional amount as premium for goodwill. This amount is shared by the existing partners in the ratio in which they forgo their shares in favour of the new partner which is called sacrificing ratio.
(C) Retirement of a partner-(I) Gaining ratio.
The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called the gaining ratio. Normally, the continuing partners acquire the share of retiring/deceased partner in their old profit sharing ratio.
(D) Dissolution of firm and partnership- (II) Different concept.
According to Section 39 of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm. That means the Act recognises the difference in the breaking of relationship between all the partners of a firm and between some of the partners; and it is the breaking or discontinuance of relationship between all the partners which is termed as the dissolution of partnership firm. | 
