Select the appropriate ratio for the following events. Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) General Reserve | (I) Gaining Ratio |
| (B) Retirement of a partner | (II) Old Profit Sharing Ratio |
| (C) Admission of a partner | (III) New Profit Sharing Ratio |
| (D) Adjustment of Capitals at the time of Admission | (IV) Sacrificing Ratio |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) →
(A) - (II), (B) - (I), (C) - (IV), (D) - (III)