Match List-I with List-II.

Choose the correct answer from the options given below:

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

The correct answer is option 1- (A)-(II), (B)-(III), (C)-(IV), (D)-(I).

(A) Gaining Ratio- (II) The ratio in which the continuing partners have acquired the share from the retiring/deceased partner.
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.

(B) New Profit Sharing Ratio- (III) The ratio in which the remaining partners will share future profits after the retirement or death of any partner.
New profit sharing ratio is the ratio in which the remaining partners will share future profits after the retirement or death of any partner. The new share of each of the remaining partner will consist of his own share in the firm plus the share acquired from the retiring /deceased partner.

(C) Sacrificing Ratio- (IV) The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner.
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.

(D) Goodwill- (I) An advantage of good name, reputation and wide business connections.
Goodwill is an intangible asset that represents the reputation, brand value, customer loyalty, and other non-physical assets of a business.