Match List-I with List-IIList-IList-II(A

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Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

Match List-I with List-II

List-I	List-II
(A) Incoming partner brings goodwill in cash	(I) No entry to be passed
(B) Goodwill already exist in the books	(II) Sacrificing partners are credited with their share and new partner is debited
(C) Incoming partner does not bring goodwill in cash	(III) Amount of Premium is shared by the existing partners in the sacrificing ratio
(D) Goodwill paid privately to sacrificing partners	(IV) Write-off the goodwill in old ratio

Choose the correct answer from the options given below:

Options:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Correct Answer:

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Explanation:

The correct answer is Option (4) →

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)