Match List-I with List-II
| List-I | List-II |
|---|---|
| (Accounting standards Section of Act.) | (Issues) |
| (A) AS-3 | (I) Settlement Of Accounts. |
| (B) AS-26 | (II) Firm's debt and private debt |
| (C) Section 48 of the Indian partnership Act | (III) Cash flow statement. |
| (D) Section 49 of the Indian partnership Act | (IV) Treatment of goodwill. |
Choose the correct answer from the options given below:
Held on 2 Jun 2025 · Verified 13 Jul 2026.
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
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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.