Match List - I with List - II.
| List - I | List - II |
|---|---|
| (A) Profits of firm after admission of partner | (I) Sacrificing Ratio |
| (B) Goodwill brought in by new partner | (II) Old Ratio |
| (C) Profit on revaluation | (III) Gaining Ratio |
| (D) Retiring Partner's Share of Goodwill | (IV) New Ratio |
Choose the correct answer from the options given below :
Held on 11 Jun 2023 · Verified 13 Jul 2026.
(A)-(IV), (B)-(I), (C)-(II), (D)-(III)
(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
(A)-(IV), (B)-(II), (C)-(I), (D)-(III)
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.