Select the appropriate ratio for the fol

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Target Exam

CUET

Subject

Accountancy Part A

Chapter

Accounting for Partnership

Question:

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:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (3) →

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