Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Accumulated Profits/Losses | (I) New Ratio |
| (B) Share of goodwill at the time of admission of a partner | (II) Gaining Ratio |
| (C) Division of profits after admission of a partner | (III) Old Ratio |
| (D) Share of goodwill at the time of retirement/death of a partner | (IV) Sacrificing Ratio |
Choose the correct answer from the options given below:
Held on 16 May 2025 · Verified 13 Jul 2026.
(A) - (III), (B) - (II), (C) - (I), (D) - (IV)
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
(A) - (I), (B) - (IV), (C) - (III), (D) - (II)
(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
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.